Africa: Fitch Affirms South Africa’s BB – Rating, Maintains Stable Outlook

Africa: Fitch Affirms South Africa’s BB – Rating, Maintains Stable Outlook

Government has welcomed Fitch’s decision to affirm South Africa’s long-term foreign and local currency debt ratings at “BB-” and maintain the stable outlook. According to Fitch, South Africa’s credit rating is constrained by several factors, including low real gross domestic product (GDP) growth, high poverty and inequality levels, a high and rising government debt-to-GDP ratio,…

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Africa: Afreximbank’s A-/Stable Rating Confirmed by Japan’s Credit Rating Agency

Africa: Afreximbank’s A-/Stable Rating Confirmed by Japan’s Credit Rating Agency

Japan Credit Rating Agency, Ltd. (JCR) has affirmed African Export-Import Bank’s (Afreximbank) A- issuer credit rating with a stable outlook. The rating reflects JCR’s assessment of Afreximbank’s strong strategic positioning, robust risk management framework, consistent profitability, prudent liquidity policies and resilient capital base. JCR also noted the Bank’s important role in supporting trade finance and…

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Africa: Fitch Affirms South Africa’s BB – Rating, Maintains Stable Outlook

African Credit Rating Agency to Launch September 2025

TLDR The African Credit Rating Agency (AfCRA), a new privately owned credit rating body, is set to begin operations by September 2025 The agency is backed by private sector stakeholders across Africa, not governments, to ensure independence and credibility The launch was originally planned for June 2025 during an African Peer Review Mechanism (APRM) summit,…

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