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flag Fitch downgraded Afreximbank to 'BB+' due to Ghana debt restructuring, reduced policy role, and heightened risk from unstable African markets.

flag Fitch Ratings downgraded African Export-Import Bank (Afreximbank) to 'BB+' from 'BBB-' with a stable outlook, citing its inclusion in Ghana’s sovereign debt restructuring, which removed its preferential creditor status and reduced its policy importance. flag The move reflects a shift to a 'high risk' business profile due to exposure to unstable African markets with weak credit quality and low income. flag Fitch also cut its short-term rating to 'B' and withdrew all ratings, stating it will no longer provide coverage for commercial reasons. flag Despite strong capital and liquidity, the downgrade underscores heightened credit risk amid governance concerns and regional instability.

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