Afreximbank dismisses Fitch ratings downgrade

Benedict Oramah

Advertisements 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…

Subscribe to read full article. Subscribe today

Related posts

SA unrest casts pall over local economy

CZI manufacturing survey launches

‘RBZ rate cut a balancing act’

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