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Fitch Cuts Afreximbank To Near-Junk Over Credit Risks/Economist Reacts

Fitch Cuts Afreximbank To Near-Junk Over Credit Risks/Economist Reacts

June 4, 2025
6:03 pm

Rating agency Fitch has downgraded Afreximbank’s credit rating to one notch above junk, assigning a negative outlook and citing high credit risks and weak risk management policies.

The downgrade to BBB- comes as the African lender struggles to safeguard its loan exposures amid ongoing debt restructurings in Ghana, Zambia, and Malawi.

Economist Jeremy Stephen spoke to Starcom Network News about the development.

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