US EditionAPRM Challenges Fitch’s Downgrade of Afreximbank
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APRM challenges Fitch’s downgrade of Afreximbank
The African Peer Review Mechanism (APRM) has pushed back against a recent credit downgrade issued by Fitch Ratings for the African Export-Import Bank (Afreximbank), describing the action as based on flawed and legally questionable loan classification.Fitch Ratings downgraded Afreximbank’s long-term foreign currency issuer default rating from ‘BBB’ to ‘BBB-’ on June 4, 2025, and assigned a negative outlook, citing increased credit risk and weak r…
Afreximbank's New President Faces Strategic Decision After Fitch Downgrade
News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://newsghana.com.gh/afreximbanks-new-president-faces-strategic-decision-after-fitch-downgrade/The African Export–Import Bank (Afreximbank) confronts a critical strategic choice under its incoming president following a credit downgrade by Fitch Ratings. The agency lowered Afreximbank to BBB-, placing it one level above non-investment grade, intensifying scrutiny on the instit…
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