Afreximbank treaty tested to the core by Fitch’s ‘negative outlook’ call
Fitch Ratings ‘negative outlook’ on Afreximbank brings up a debate on how multilateral development finance institutions operating under treaty law should be evaluated. Afreximbank’s position is that risk assessments must take into account not just financial data but also the institutional frameworks and legal covenants...
AU unit claims Afreximbank’s downgrade by Fitch Ratings ‘not based on reality’
The African Peer Review Mechanism (APRM) defends Pan-African Lender, Afreximbank, challenges western risk metrics. On 4 June 2025, Fitch Ratings revised the bank’s long-term foreign currency issuer default rating downward from ‘BBB’ to ‘BBB-’ and assigned a negative outlook. Fitch claims lender has 7.1% non-performing...
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