Business

Afreximbank’s credit rating maintained at Baa1 by Moody’s

Afreximbank, Africa’s multilateral trade finance institution, received an encouraging announcement on Monday from Moody’s, the global credit rating agency.


In a statement from the trade finance institution, it said that in its annual credit analysis, Moody’s had reaffirmed its Baa1 rating with a stable outlook. This rating is based on three key criteria: capital adequacy, liquidity, and funding, along with the strength of member support.


Moody’s acknowledges that Afreximbank plays a critical role under the African Union umbrella, receiving regular capital infusions and actively supporting the implementation of the African Continental Free Trade Agreement.