Afreximbank’s credit rating described as stable by GCR and JCR

GCR Ratings (GCR), has affirmed Afreximbank’s international scale long and short-term issuer ratings of A and A2 respectively, citing its assessment of the Bank’s strong Preferred Creditor Treatment (PCT) track record in its member countries, as well as the Bank’s growing systemic relevance to the continent. The ratings also reflect Afreximbank’s strong capitalisation, sound risk…