Afreximbank Ends Credit Rating Relationship with Fitch Amid Business Profile Discrepancy
Afreximbank, the African Export-Import Bank, has announced the termination of its credit rating relationship with Fitch after a thorough review. The decision was made as Afreximbank believes that Fitch's credit rating assessment no longer aligns with the bank's established agreement, mission, and mandate.
Despite this move, Afreximbank emphasizes its strong business profile supported by solid shareholder relationships and legal protections. The bank did not disclose whether it plans to engage with other credit rating agencies in the future.
Afreximbank reaffirms its commitment to transparency, financial stability, and supporting trade and economic growth across Africa.
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