Afreximbank's decision to end its credit rating relationship with Fitch marks a significant moment in the ongoing debate over how African multilaterals are assessed by global credit rating agencies.
The Bank has argued that Fitch's methodology no longer aligns with the legal, structural, and strategic realities embedded in its establishment agreement, which has been signed and ratified by its member states.
In a statement, the Bank said: "This decision follows a review of the relationship, and its firm belief that the credit rating exercise no longer reflects a good understanding of the Bank's Establishment Agreement, its mission and its mandate."
