JP Morgan Upgrades Afreximbank Outlook
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2 Articles
JP Morgan Upgrades Afreximbank Outlook
JP Morgan Investment bank JP Morgan Chase has upgraded its view on African Export-Import Bank (Afreximbank), moving its recommendation from “underweight” to “overweight” after recent market repricing made the bank’s securities more attractive relative to peers, according to a report cited by Reuters. The shift reflects growing investor confidence in Afreximbank’s underlying financial strength, institutional structure and its ability to navi…
JP Morgan upgrades Afreximbank Bonds…citing improved value, strong fundamentals
investment bank JP Morgan Chase has upgraded its view on African Export-Import Bank (Afreximbank), moving its recommendation from underweight to overweight after recent market repricing made the securities more attractive relative to peers. according to a report cited by reuters, the shift reflects growing investor confidence in Afreximbank’s underlying financial strength, institutional structure, and its ability to navigate sovereign debt restr…
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