
Moody’s Affirms Afreximbank’s Credit Rating at Baa1
African Export-Import Bank (Afreximbank), Africa’s foremost multilateral trade finance institution, announces that the global credit ratings agency Moody’s, on 14 July affirmed the Bank’s long-term credit rating at Baa1, with a stable outlook. The agency determines its rating for supranationals based on three criteria: capital adequacy, liquidity, and funding and strength of member support. Moody’s notes…