Afreximbank has a stable outlook – S&P Global Ratings

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd

S&P Global Ratings has assigned African Export-Import Bank (Afreximbank) a ‘BBB+’ long-term issuer credit rating and an ‘A-2’ short-term issuer credit rating, with a Stable Outlook, reinforcing the Bank’s strong financial standing and its critical role in driving trade, industrialisation and economic development across Africa and the wider Global Africa community.

According to S&P, the rating reflects Afreximbank’s growing strategic importance, robust enterprise risk profile and expanding role as a countercyclical institution supporting African economies through periods of global and regional uncertainty.

Source: newsthemegh.com