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Japan Credit Rating Agency, Ltd. (JCR) has affirmed African Export-Import Bank’s (Afreximbank) A- issuer credit rating with a stable outlook. 

Afreximbank said in a statement sent to Financial Nigeria that the rating reflects JCR’s assessment of the trade finance bank’s strong strategic positioning, robust risk management framework, consistent profitability, prudent liquidity policies, and resilient capital base. JCR also noted the Afreximbank’s important role in supporting trade finance and economic development across Africa and the Caribbean. 

The rating agency stated that it expects Afreximbank’s rating to remain stable over the next 12 to 18 months, despite external macroeconomic challenges and potential pressures in its operating environment. 

Afreximbank successfully completed its inaugural Samurai bond issuance in Japan in 2024, raising JPY 81.3 billion ($530 million). The transaction attracted strong participation from a diverse pool of Japanese institutional investors, underscoring the bank’s growing appeal in international capital markets and its ability to mobilise resources beyond traditional geographies.