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Afreximbank gets positive outlook from Moody's, Fitch & GCR ratings thebftonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thebftonline.com Daily Mail and Mail on Sunday newspapers.
African Export-Import Bank (Afreximbank) has received a set of strong credit rating affirmations and âPositiveâ outlooks from Moodyâs, Fitch Ratings, and GCR Ratings, underlining its resilient financial position and performance. The ratings reinforce the bankâs 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 Afreximbankâs Long-Term Issuer Default Rating (IDR) to Positive from Stable, highlighting that the upgrade, âreflects the bank’s growing importance as the main multilateral development bank (MDB) providing funding to non-sovereign borrowers in Africa.â ....