The African Export-Import Bank (Afreximbank) has recently received a positive evaluation from GCR Ratings, which affirmed its international scale long-term issuer ratings of A and A2, revising the outlook from 'Rating Watch Evolving' to 'Stable'. This affirmation underscores Afreximbank's robust counter-cyclical mandate, significant capital base, and diversified funding sources, which collectively serve as important buffers against emerging credit risks amidst a changing economic environment.

GCR’s reaffirmation also includes the international scale long-term programme rating associated with Afreximbank's USD 5 billion Global Medium Term Note (GMTN) Programme, which was rated A. This reflects GCR's confidence in the bank's ability to manage its financial obligations effectively. Notably, the involvement of member countries, particularly South Africa's recent recognition of the Bank’s Establishment Treaty and Preferred Creditor Status, contributes positively to Afreximbank's financial stability and operational credibility.

This enhanced rating not only reflects Afreximbank's solid capitalisation but also highlights the role of ongoing partnerships and preferential creditor treatment from its shareholders. The stability of the Bank is critical as it navigates potential credit risks, ensuring it can continue to support and enhance trade finance across Africa, thus playing a vital role in the continent's economic development and integration.