Afreximbank’s Stable Rating Confirmed By Japan’s Credit Rating Agency

Japan Credit Rating Agency, Ltd. (JCR) has affirmed African Export-Import Bank (Afreximbank)’s 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 economic development across Africa and the Caribbean,  a release from Afreximbank’s Communications and Events Manager (Media Relations), Vincent Musumba stated.

According to the release, the Afreximbank’s rating is expected to remain stable over the next 12 to 18 months, despite external macroeconomic challenges and potential pressures in its operating environment.

Reacting to the announcement, Mr Denys Denya, Afreximbank’s Senior Executive Vice President, said the affirmation reinforces the Bank’s credibility in global markets and highlights its systemic importance to Africa.

“JCR’s rating underscores our strong fundamentals and prudent risk management practices,” he said.

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“It strengthens our ability to diversify our funding sources, including tapping into Japan’s capital markets, to further advance our mandate of promoting and financing intra- and extra-African trade”, the release quotes him as adding.

Mr. Denya reaffirmed Afreximbank’s unwavering commitment to its member states, partners and clients, noting that its consistent delivery, even in challenging times, has been a key driver behind its strong credit standing.

“This rating is a testament to the Bank’s resilience and strategic focus, enabling us to mobilise resources to drive trade and development in Africa and the Caribbean,” he added.

The release added that the JCR affirmation is expected to bolster confidence among investors and stakeholders, especially against the backdrop of Afreximbank’s ongoing efforts to expand its global funding base and enhance its market presence.

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The bank had successfully completed its inaugural Samurai bond issuance in Japan in 2024, raising JPY 81.3 billion (US$530 million), a transaction, which attracted strong participation from a diverse pool of Japanese institutional investors.

It also underscored the Bank’s growing appeal in international capital markets and its ability to mobilise resources beyond traditional geographies.

The success of the issuance further demonstrates Afreximbank’s credibility and capacity to secure innovative funding solutions in support of its mandate, the release added.