Libya Launches First Local Credit Agency
Libya has launched "Sand Credit Rating Agency," the first licensed local rating agency, with the aim of developing the financial sector and attracting foreign investments. The agency received its license from the Libyan Capital Market Authority in July 2026 and has begun providing ratings for 27 Libyan banks, with plans to expand into other sectors. The agency's goal is to reduce the risk premiums imposed on Libyan institutions by foreign investors through objective assessments based on accurate data, promote transparency and good governance, enhance confidence in international markets, and rebuild the country's investment environment.
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