Tokyo: The Japan Credit Rating Agency, Ltd. (JCR) has affirmed the African Export-Import Bank’s (Afreximbank) A- issuer credit rating with a stable outlook. In a statement on Thursday, Afreximbank mentioned that the rating reflects JCR’s positive assessment of the Bank’s strategic positioning, resilient capital base, consistent profitability, liquidity management, and risk framework.

According to News Agency of Nigeria, JCR recognized Afreximbank’s vital role in supporting trade finance and economic development across Africa and the Caribbean. The agency expects the rating to remain stable over the next 12 to 18 months despite external economic pressures.

The statement included remarks from Afreximbank’s Senior Executive Vice President, Mr. Denys Denya, indicating that the rating underscores the Bank’s credibility in global markets and its systemic importance to Africa. Denya highlighted that JCR’s affirmation emphasizes the Bank’s strong fundamentals and risk management practices, enhancing its ability to diversify funding sources, including access to Japan’s capital markets.

Denya reaffirmed Afreximbank’s commitment to its member states, clients, and partners, emphasizing that sustained delivery in challenging times has maintained its strong credit standing. He stated that the rating is a testament to the Bank’s resilience and strategic focus, enabling resource mobilization for trade and development across Africa and the Caribbean.

In 2024, Afreximbank successfully completed its inaugural Samurai bond issuance in Japan, raising JPY 81.3 billion (approximately 530 million dollars). The transaction attracted a wide range of Japanese institutional investors, showcasing the Bank’s increasing appeal in global capital markets.