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Credit Rating: Moody's rates the African Solidarity Fund with Baa1

23/11/2023
Source : ORISHAS FINANCE
Categories: Economy/Forex

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The African Solidarity Fund receives recognition for its financial strength. Underlining its structural and financial strength, Moody's confirms to the African Solidarity Fund (FSA) a credit rating of Baa1

with a stable outlook.

The press release that provides the information highlights that the Fund has thus taken a significant step forward in receiving this credit rating. He states that this rating is a clear indicator of the solid financial position of the FSA, marked by a robust balance sheet and the absence of debt

.

In addition to these joint guarantee interventions in the Member States, the same source continues, the two (2) Institutions have also agreed to jointly develop programmes to finance the economies of African countries and support SMEs and SMEs. Before advising that the FSA has also signed a partnership agreement with Africa Finance Corporation (AFC

).
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