Afreximbank terminated its credit rating relationship with Fitch on January 23, 2026.
The decision followed a review finding Fitch’s ratings didn’t reflect Afreximbank’s mandate and legal framework.
Fitch had downgraded Afreximbank to one notch above “junk” status with a negative outlook.
Afreximbank reported assets and contingencies over US$40.1 billion at end-2024.
It retains investment-grade ratings from Moody’s, GCR, CCXI, and JCR.
Why it matters: This decision highlights debates on how global credit agencies assess multilateral African lenders and may influence future financing and risk perception.