Ghana news briefing
EBID gets Moody’s upgrade, moves closer to investment-grade status
The ECOWAS Bank for Investment and Development (EBID) has received a credit rating upgrade from Moody’s Ratings, strengthening its position as a regional development finance institution and moving it closer to investment-grade status.
The Moody’s upgrade therefore provides a stronger financial platform for EBID as it seeks to expand its development financing activities and mobilise additional capital for projects across ECOWAS member states.
According to EBID, the rating action is expected to improve its prospects of accessing international capital markets on increasingly competitive terms, while strengthening confidence among investors and development partners.
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