African Union agency Slams Fitch Over Afreximbank Downgrade, Calls Classification ‘Flawed’
NAIROBI, June 9 – A key African Union-affiliated institution has strongly criticized the recent downgrade of the African Export-Import Bank (Afreximbank) by Fitch Ratings, calling the move unjustified and based on a fundamental misinterpretation of sovereign loan exposures. The African Peer Review Mechanism (APRM), a continental oversight body mandated with establishing Africa‘s own credit ratings … Read more