Fitch downgrades Afreximbank to ‘high risk’ over Ghana’s debt restructuring, halts firm’s rating

[NigerianEye - Nigeria] - 29/01/2026

Fitch Ratings says it will no longer provide ratings or analytical coverage for African Export-Import Bank (Afreximbank) for commercial reasons. The development comes as Fitch in a statement on Wednesday downgraded the bank’s long-term issuer default rating (IDR) to ‘BB+’ from ‘BBB-,’ with a stable outlook. The agency also cut Afreximbank’s short-term issuer default rating (IDR) to ‘B’ from ‘F3’. A downgrade means Fitch now considers Afreximbank to have a higher risk profile than previously assessed. According to Fitch, the downgrade followed a reassessment of the bank’s risk profile after (…)

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