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Fitch downgrades Afreximbank to BBB- amid rising credit risks, transparency concerns
FITCH Ratings has downgraded the long-term issuer default rating of the African Export-Import Bank (Afreximbank) to BBB-, placing it just one notch above junk status. The rating agency also assigned a Negative Outlook, citing increasing credit risks and weakening risk management practices as the primary drivers of the downgrade. According to Fitch, the downgrade reflects […]
Fitch downgrades Afreximbank to BBB- amid rising credit risks, transparency concerns
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