News
10 June 2025

Afreximbank downgrade raises questions on loan categorisation

Region:
Middle East & Africa

Fitch Ratings has lowered Afreximbank’s long‑term foreign‑currency issuer rating from BBB to BBB-, a notch above junk, with a negative outlook.The agency attributed the downgrade to elevated credit risk, citing an estimated non‑performing loan ratio of 7.1 %, primarily due to sovereign...

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