Fitch downgrades Afreximbank to BBB- amid rising credit risks, transparency concerns

Tribune Online
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
Tribune Online

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