Rating’s agency Moody’s has given the African Export-Import Bank (Afreximbank) a “stable outlook” rating of Baa2.
In its report, Moody’s commented that the rating was supported by the bank’s strengthening equity base and evidence of shareholder support.
Elisa Parisi-Capone, assistant vice president for Moody’s, said in a statement: “Afreximbank’s demonstrated ability to raise equity capital from new and existing shareholders attests to strong shareholder support, despite the bank’s low average shareholder rating.”
