CCXI reaffirms Afreximbank’s AAA/Stable rating for second consecutive year
(CCXI) has affirmed African Export-Import Bank’s (Afreximbank) AAA issuer credit rating with a Stable outlook for the second consecutive year, underscoring the Bank’s financial strength and strategic importance.
The report affirmed Afreximbank’s “advantages, including high strategic positioning, sound risk management system, flexible business development, strong profitability, prudent liquidity management and a very high coverage ratio of current assets to short-term debts,” saying that these strengths “strongly supported the overall credit strength of the Bank”.
Chandi Mwenebungu, Managing Director, Treasury & Markets and Treasurer said: “CCXI’s affirmation of our AAA rating for a second consecutive year is a strong endorsement of Afreximbank’s financial strength, disciplined risk management and enduring relevance to Africa and Global Africa.
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