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Financial rating: Moody's Ratings finalizes a periodic review of Afreximbank's ratings

30/07/2024
Source : ORISHAS-FINANCE
Categories: Economy/Forex

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L'agence de notation Moody's Ratings (Moody's) a annoncé la finalisation d' une revue périodique des notations de la Banque Africaine d' Export-Import (Afreximbank) and other ratings associated with this issuer.

Dans sa publication, l' agence de notation a indiqué que les notes awarded to the African Export-Import Bank (Afreximbank) reflect the essential role played by the bank within the Union African, which allows it to obtain regular capital inflows from African States and institutions. The bank strives to provide solutions to the various challenges that affect trade in Africa while actively managing the inherent risks. The provision of trade-related loans over a relatively short period of time and the use of risk mitigation measures are two key factors that support asset performance in a particularly challenging operating environment. The bank maintains proven access to various sources of financing.

The outlook is negative and reflects the continuing risks of declining asset quality and performance of Afreximbank in a challenging operating environment.

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