Afreximbank’s rating downgraded again

International business briefs: Moody’s cuts Afreximbank rating

Baidu launches AI video generator for businesses, and German plant and equipment makers grow orders

Afreximbank’s rating downgraded again

Ratings agency Moody’s downgraded African Export-Import Bank (Afreximbank) closer to junk status, saying that the bank’s “unsecured lending to sovereigns under stress has introduced significant risks.” It follows a similar move by Fitch Ratings last month, a downgrade that sparked questions about the Cairo-based institution’s broader strategy. Afreximbank “often seems determined not to be bogged down by orthodox multilateral development bank pra…

Moody’s downgrades Afreximbank’s credit rating to Baa2, citing sovereign lending risks

Global credit rating agency, Moody’s, has downgraded the long-term issuer and senior unsecured ratings of the African Export-Import Bank (Afreximbank) from Baa1 to Baa2, while revising the outlook from negative to stable.   The post Moody’s downgrades Afreximbank’s credit rating to Baa2, citing sovereign lending risks  appeared first on Nairametrics.

AU faults downgrade of Afrexim

Structured Finance Evolving To Meet Africa’s Changing Economic Landscape – Oramah - NEWS AGENCY OF NIGERIA

Structured finance evolving to meet Africa’s changing economic landscape – Oramah 68 total views today By Vivian Ihechu Prof. Benedict Oramah, the President and Chairman of the Board of Directors of African Export-Import Bank (Afreximbank), says structured trade finance is undergoing a radical transformation and adapting to the global economic dynamics and Africa’s emerging trade patterns. Oramah made the assertion  in Abuja during the unveiling…