S&P rejects Africa ratings bias claims

S&P Global Ratings pushed back against claims of bias in assessing the creditworthiness of African governments, saying all receive equal treatment.

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"We don't treat Africa or Latin America or Asia - we don't treat anybody different," Roberto Sifon-Arevalo, global head of sovereign ratings, said.

"Our criteria, our methodology, has been public for decades now and anybody can look at it."

He spoke on the sidelines of an S&P event during the G20 summit in Johannesburg, where allegations of ratings companies treating African nations unfairly have repeatedly come up, including at the Bloomberg Africa Business Summit.