US EditionGhana: Fitch Downgrades Afreximbank to 'BB+'/Stable Amid Concerns Over Ghana's Debt, Withdraws Ratings
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3 Articles
Fitch Ratings downgraded, on 28 January 2026, the long-term credit rating of Afreximbank to BB+, making it switch to a non-investment grade category, before withdrawing all of its ratings on the Pan-African bank. This decision comes a few days after Afreximbank announced, on 23 January, that it will terminate its collaboration with the Pan-African bank.
Fitch downgrades Afreximbank, cites Ghana debt concerns, then withdraws ratings
Fitch Ratings has downgraded the African Export-Import Bank (Afreximbank) amid concerns over its exposure to Ghana’s sovereign debt and subsequently withdrew the bank’s ratings. The global credit rating agency lowered Afreximbank’s Long-Term Issuer Default Rating (IDR) to ‘BB+’ from ‘BBB-’ and its Short-Term IDR to ‘B’ from ‘F3’. The ratings on the bank’s global medium-term […]
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