By 
The African Export-Import Bank (Afreximbank) has terminated its credit rating relationship with Fitch Ratings.
The pan-African financial institution announced the decision on Friday, stating that Fitch’s assessment methodology no longer adequately reflects its foundational treaty, development mandate, and unique mission.
A Dispute Over Mandate and Treaty Protections
In a statement from its Cairo headquarters, Afreximbank emphasized that its decision followed an internal review.
The bank argued that Fitch’s credit rating process fails to properly account for its Establishment Agreement—a treaty ratified by member states—which provides robust legal protections and defines its developmental role.
Afreximbank maintains that its strong shareholder relationships and treaty-level safeguards are fundamental to its risk profile and were not fully recognized in Fitch’s evaluations.
Strong Fundamentals and Investment-Grade Ratings Elsewhere
Despite the split with Fitch, Afreximbank reaffirmed its solid financial position and international credibility.
The institution noted it continues to hold investment-grade ratings from other major global agencies, including Moody’s, GCR, China Chengxin International Credit Rating, and the Japan Credit Rating Agency.
This move underscores its confidence in its operational strength and the support of its member states.
Unwavering Focus on Continental Trade and Development
The bank reiterated its core mission remains unchanged: financing and promoting intra-African trade, advancing industrialization, and supporting the implementation of the African Continental Free Trade Agreement (AfCFTA).
Afreximbank asserts that its strategic focus and legal foundations position it to continue driving economic integration and development across Africa without compromise.
