The South African credit rating agency Gcr has raised the long-term issuer rating of Shelter Afrique Development Bank (SHAfDB) internationally from B to B-.

The Gcr said in a statement that the increase in Shelter Afrique Development Bank's ratings reflects the improvement of its status, the establishment of preferential treatment for creditors (Pct), as well as the improvement of solidity & eacute; and the diversity of its members. These improvements stem from its transition to an establishment based on treaties and strategic agreements aimed at dealing with capital arrears

According to a press release, Gcr also raised the long and short-term national issuer ratings of Kenya to AA- (KE) /A1+ (KE) against A+ (KE)/A1 (KE); from Nigeria to AA+ (NG) /A1+ (NG) /A1+ (NG) against AA (NG) /A1+ (NG); and from Mauritius to BB+ (MU); and from Mauritius to BB+ (MU) /B (MU) vs BB (MU)/B (MU). The three national ratings have had a stable outlook

La note d' émission à long terme de l' échelle nationale nigériane sur les billets de premier rang non Series 1, Tranche A and Tranche B collaterals, at the same level as the credit rating of the Nigerian issuer, issued under the é The domestic bond mission Shelter Afrique of, in the amount of 200 billion euros, was also raised, giving the issue a stable outlook.