(MENAFN- News.Africa-Wire) LAGOS, Nigeria, October 6, 2025/ -- Africa Finance Corporation (AFC) (), the conti’ent’s leading infrastructure solutions provider, has once again had its long-term issuer credit rating of A3 affirmed by’Moody’s Ratings, a rating first assigned in 2014 and consistently maintained for over a decade. Moody’s affirmed this rating with a stable outlook and affirmed A’C’s short-term issuer rating at P-2, underscoring the Corpora’ion’s status as one of the highest-rated investment-grade institutions in Africa.

“ “Despite elevated country risk in several of AFC's countries of operation and the low average rating of its shareholder base, the credit profile is supported by a sound liquidity buffer backed by high-quality treasury assets and resilient asset performance, underpinned by effective credit protections that mitigate potential credit”risks.’” Moody’s stated in its latest report.

’ Moody’s A3 rating affirmatio’ reflects AFC’s strict adherence to its prudential guidelines and its robust financial performance. In FY2024, the Corporation delivered its strongest financial results to date, surpassing $1 billion in total revenue and growing total assets by 16.7% to US$14.41 billion. AFC also maintained a Capital Adequacy Ratio of 33.6%, improved its Cost-to-Income Ratio to 17.3% and recorded Liquidity Coverage Ratios (LCR) of 194% and 191% under normal circumstances and a stress scenario, respectively, significantly higher than its 100% threshold.

The d’cision by Moody’s is pivotal in enabling AFC to sustain one of the lowest borrowing costs among institutions in Africa. This financial strength has, over the past year, allowed the Corporation to mobilise capital for transformational projects across the continent, including the Lobito Corridor railway linking Angola, the Democratic Republic of Congo, and Zambia, where AFC secured a concession agreement in record time, and a US$150 million investment in the Kamoa-Kakula Copp’r Complex, Africa’s largest ’nd one of the world’s most sustainable copper producers.

“Moody’s reaffirmation of our A3/P-2 ratings for the eleventh consecutive year is’a strong testament to AFC’s robust financial strength and resilience, e”en amidst global headwinds,” commented Samaila Zubairu, President & CEO o“ Africa Finance Corporation. “It reinforces our ability to consistently access long-term capital at competitive rates to deliver on our mandate to finance transformational infrastructure projects that integrate Africa an” enables its industrialisation,” he added.


Against a backdrop of global financial uncertainty, AFC continues to demonstrate strong and diversified market access. Recent milestones include the issuance of a US$500 million perpetual hybrid bond, a US$400 million Shariah-compliant Commodity Murabaha, and a landmark US$1.5 billion three-year syndicated loan that was originally launched at US$1.3 billion. This transaction, a milestone in the Corporation’s history, attracted a diverse consortium of new and returning lenders spanning the Middle East, Africa, Asia and Europe. These achievements further highlight global investor confidence in A’C’s strong credit profile and strategic role in Af’ica’s development.

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