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Fitch, GCR Upgrade Afreximbank s Outlook

African Export-Import Bank (Afreximbank) has received a set of strong credit rating affirmations and “Positive” outlooks from Moody’s, Fitch Ratings, and GCR Ratings, underlining its resilient financial position and performance. The ratings reinforce the bank’s access to capital at a competitive cost, ensuring the continued success of key strategic initiatives to stimulate African trade. A statement explained that Fitch revised its outlook on Afreximbank’s Long-Term Issuer Default Rating (IDR) to Positive from Stable, highlighting that the upgrade, “reflects the bank’s growing importance as the main multilateral development bank (MDB) providing funding to non-sovereign borrowers in Africa.”

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