The Japan Credit Rating Agency Limited (JCR) has affirmed the African Export-Import Bank (Afreximbank)’s long-term issuer credit rating at A- with a stable outlook.
JCR said the decision reflects the bank’s strong strategic positioning, sound risk management framework, consistent profitability, prudent liquidity policies, and resilient capital base. It also highlighted Afreximbank’s critical role in supporting trade finance and economic development across Africa and the Caribbean.
The agency noted that the rating is expected to remain stable over the next 12 to 18 months, despite external macroeconomic headwinds and pressures in the operating environment.
Reacting, Afreximbank’s Senior Executive Vice President, Denys Denya, said the affirmation reinforces the bank’s credibility in global markets and underscores its systemic importance to Africa. He added that the rating strengthens the bank’s ability to diversify funding sources, including accessing Japan’s capital markets, in line with its mandate to promote intra- and extra-African trade.
“This rating is a testament to the bank’s resilience and strategic focus, enabling us to mobilise resources to drive trade and development in Africa and the Caribbean,” Denya said.
The reaffirmation is expected to boost investor confidence and support Afreximbank’s efforts to expand its global funding base.
In 2024, the bank completed its inaugural Samurai bond issuance in Japan, raising JPY 81.3 billion ($530 million). The issue, which drew strong interest from Japanese institutional investors, further demonstrated Afreximbank’s credibility and ability to mobilise resources beyond traditional markets.
