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Afreximbank cut ties with Fitch after downgrade, citing mission misalignment and strong alternative ratings.
Afreximbank has ended its credit rating relationship with Fitch, citing misalignment with its mission and legal structure after Fitch downgraded it to BBB- with a negative outlook.
The bank, backed by African governments, maintains it holds preferred creditor status despite disputes, and says its financial strength remains solid with strong shareholder support and investment-grade ratings from other agencies.
The move follows a review and comes amid broader tensions over how African multilateral institutions are assessed globally.
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Afreximbank cortó lazos con Fitch después de la rebaja, citando desalineación de la misión y fuertes calificaciones alternativas.