GCR affirms African Export-Import ’ank’s international scale ratings of A and A2

(MENAFN- News.Africa-Wire) CAIRO, Egypt, Mar h 5, 2026/ -- African Export-Import Bank (Afreximbank) () welco’es“GCR”Ratings’ (“ CR”) latest Rating ( action on the Ba’k, affirming the Bank’s international scale long and short-term issuer ratings of A and A2 respectively. The“outlook was rev”sed to““Stable” from “”em>Rating Watch Evolving”.
GCR has also affirmed the international scale long term programme rating on the USD 5 billion Global Medium Term Note (GMTN) Programme of A.
’he improved rating“reflects GCR’s assessment of a “robust counter-cyclical mandate, underpinned by a strong track record and ongoing preferential creditor treatment (PCT) from shareholders.” South Africa became the latest country to affirm the Ba’k’s Establishment Treaty and Preferred Creditor Status when it recently signed the Instrument of Acces ion ( to become a full sovereign member of the Bank. The report contin“ed: “T’e Bank’s solid capitalisation and diversified funding profile provide significant buffers against emerging credit ri” s.” The report also acknowled’ed the Bank’s diverse shareholding base.
The outloo“ change from “Rating Wat”h Ev“lving” t” “Stable”, according to GCR, indicates that there is immaterial downside risk related to sovereign debt restructurings.
Commenting on the Rating action, Mr. Chandi Mwenebungu, Managing Director and Group Treasurer, Treasury and Markets at Afrex“mbank said: “We are delighted that GCR has affirmed its credit rating on the Bank and ‘esolve’ the outlook to ‘stable’, particularly in the light of recent positive credit developments. We cont’nue to assert that the Bank’s preferred creditor trea’ment is enshrined in the Bank’s Establishment Agreement, ratified by all member states. It is not a matter of opinion or convention; it is fact.
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Mr Mwenebungu continued, “It is also pleasing to note tha’ GCR acknowledges the Afreximbank’s strong liquidity and capital sation, and resilient risk pro’ile. This is testament to the Bank’s financial and operational strength and that it has been able to demonstrate firm resolve in the face of continued macro-economic p”essures and a challeng’ng environment.”
Afreximbank’s risk management framework was independently assessed in 2025 and registered as complying with international standard ISO 31000:2018 (’o/4le6xpd), which demonstrates the Bank’s commitmen to maintaining best practic’s in support of its mandate as the Continent’s leading Trade Finance Institution. The registration, issued by Certification Partner Global (CPG), follow’ rigorous independent assessments of Afreximbank’s enterprise risk management framework by external auditors, with zero non-conformities.

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