The Japan Credit Rating Agency (JCR) affirmed the African Export-Import Bank’s (Afreximbank) A- credit rating with a stable outlook, providing a vote of confidence months after a controversial downgrade by Fitch Ratings.

• JCR's affirmation is based on Afreximbank's 'strong strategic positioning', robust risk management, and resilient capital base.
• The decision contrasts Fitch's June 4 downgrade to 'BBB-', citing 'high' credit risks and 'weak' risk management policies.
• Afreximbank's Senior Executive Vice President, Denys Denya, stated the affirmation reinforces the bank’s credibility and ability to tap into Japan’s capital markets, following a successful ¥81.3 billion ($530 million) Samurai bond issuance in 2024.