Afreximbank’s A-/Stable Rating Affirmed by Japan’s Credit Rating Agency, Reinforcing Global Credibility

Wednesday, 10th September 2025

非洲记者报道

The African Export-Import Bank (Afreximbank) has had its A- issuer credit rating with a stable outlook reaffirmed by the Japan Credit Rating Agency (JCR), underscoring the Bank’s resilience and credibility in global capital markets. The decision reflects JCR’s assessment of Afreximbank’s strong strategic positioning, robust risk management framework, consistent profitability, prudent liquidity policies and resilient capital base.

The agency highlighted Afreximbank’s central role in advancing trade finance and economic development across Africa and the Caribbean, noting that it expects the rating to remain stable over the next 12 to 18 months despite prevailing macroeconomic uncertainties and external pressures. This affirmation provides a critical boost of confidence for investors and stakeholders at a time when global markets remain cautious.

Welcoming the announcement, Afreximbank Senior Executive Vice President, Denys Denya, said the affirmation reflects the Bank’s systemic importance and prudent management practices. “JCR’s rating underscores our strong fundamentals and prudent risk management practices,” he explained. “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.”

Denya reiterated the Bank’s commitment to member states and partners, stressing that consistent delivery, even under challenging conditions, has been key to maintaining 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 confirmation also builds on Afreximbank’s growing presence in Japan’s financial markets. In 2024, the Bank completed its inaugural Samurai bond issuance, raising JPY 81.3 billion (US$530 million). The transaction drew significant interest from a wide spectrum of Japanese institutional investors, underscoring both Afreximbank’s expanding global appeal and the confidence investors have in its ability to deliver. The success of this innovative funding initiative demonstrated the Bank’s capacity to mobilise resources beyond traditional geographies, positioning it as a stronger player in international markets.

For Africa, this affirmation not only strengthens Afreximbank’s access to diverse funding pools but also reinforces its ability to finance trade and development at a scale necessary for sustainable economic growth. It highlights the institution’s role as a linchpin between African economies and global capital markets, bridging financing gaps while advancing its mission of promoting resilience, integration and inclusive growth across the continent and the Caribbean.