- Afreximbank has ended its credit rating relationship with Fitch Ratings after an internal review found the assessment misaligned with its mandate and legal framework.
- The bank said Fitch’s ratings did not sufficiently reflect its Establishment Agreement, development role, and protections ratified by member states.
- Afreximbank reaffirmed its financial resilience, citing strong shareholder support, legal safeguards, and a stable business profile.
- The decision is likely to reopen debate on how global rating agencies assess African multilateral and development finance institutions.
