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Moody’s downgrades Afreximbank’s credit rating to Baa2
Moody’s has downgraded the African Export-Import Bank’s long-term issuer and senior unsecured ratings from Baa1 to Baa2, while changing the outlook from negative to stable. The downgrade reflects heightened concerns about the bank’s asset quality, significant exposure to distressed sovereigns, and a reduced diversity of funding sources. Additionally, Moody’s lowered the rating of Afreximbank’s senior […]
monwubukepdnlimited-com- 4th July 2025
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