The African Export-Import Bank (Afreximbank) has maintained its A- issuer credit rating with a stable outlook, according to Japan Credit Rating Agency, Ltd. (JCR), reinforcing the Bank’s financial resilience and its credibility in global markets.
JCR cited Afreximbank’s strong strategic positioning, robust risk management framework, consistent profitability, prudent liquidity policies, and resilient capital base as key factors behind the rating.
The agency also highlighted the Bank’s critical role in supporting trade finance and economic development across Africa and the Caribbean.
Read more: Afreximbank downgraded again, as Moody’s joins Fitch to raise flags on non-performing loans
The rating agency noted that Afreximbank’s credit standing is expected to remain stable over the next 12 to 18 months, despite external macroeconomic challenges and potential pressures in its operating environment.
Reacting to the announcement in a statement issued from Cairo, Egypt on Thursday, Afreximbank Senior Executive Vice President, Denys Denya, said the affirmation highlights the Bank’s systemic importance to Africa and strengthens its ability to access diverse funding sources.
“JCR’s rating underscores our strong fundamentals and prudent risk management practices. It enhances our capacity to tap Japan’s capital markets and advance our mandate of promoting and financing intra- and extra-African trade,” he said.
Denya also reaffirmed the Bank’s commitment to its member states, partners, and clients, stressing that consistent delivery even during challenging periods has been key to maintaining its strong credit standing.
“This rating is a testament to the Bank’s resilience and strategic focus, enabling us to mobilise resources to drive trade and development in Africa and the Caribbean,” he added.
WARNING! All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express permission from ZAMBIA MONITOR.
