Ghana news briefing
Moody’s upgrades EBID rating to B1, citing stronger finances and shareholder support
The five-year strategy prioritises infrastructure development, renewable energy financing, private sector growth and climate resilience, with the bank seeking to expand its support for projects capable of driving economic transformation across the subregion.
The ECOWAS Bank for Investment and Development (EBID) has secured an upgrade in its long-term issuer rating from Moody’s Ratings, moving from B2 to B1 with a stable outlook.
The latest Moody’s rating is expected to strengthen investor and development-partner confidence in EBID as it seeks to expand its financing operations and mobilise additional resources for development projects across West Africa.
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