Moody's downgrades Afreximbank, citing weaker asset performance
ReutersJul 1, 2025 10:29 PM
July 1 (Reuters) - Moody's downgraded long-term issuer and senior unsecured ratings of African trade and development lender Afreximbank on Tuesday, citing weaker-than-expected asset performance that has impacted the bank's capital.
The ratings agency also revised its outlook on the bank to stable from negative.
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