Home » Afreximbank dismisses Fitch ratings downgrade

Afreximbank dismisses Fitch ratings downgrade

0 comments

THE African Export-Import Bank (Afreximbank) says the decision by credit rating agency Fitch to downgrade and give it a negative outlook was based on a wrong interpretation of its founding treaty signed by its member states.The Cairo-based multinational trade financier argues that Fitch’s definition of non-performing loans (NPLs) differs from its approach.Fitch, in its latest…

Subscribe to read full article. Subscribe today
Advertisements
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More