S&P Global Rates Afreximbank BBB+
Analysis based on 9 articles · First reported Jun 13, 2026 · Last updated Jun 15, 2026
The 'BBB+' credit rating assigned to Afreximbank by S&P Global Ratings is expected to enhance the bank's access to international capital markets, potentially lowering borrowing costs and increasing its capacity to finance trade and development projects across Africa. This positive assessment of Afreximbank's financial health and strategic importance could lead to increased investor confidence in African economies, particularly those benefiting from Afreximbank's countercyclical lending and support for initiatives like the African Continental Free Trade Area.
S&P Global Ratings has assigned the African Export–Import Bank (Afreximbank) a 'BBB+' long-term issuer credit rating and an 'A-2' short-term issuer credit rating, with a stable outlook. This rating reinforces Afreximbank's strong financial standing and its critical role in driving trade, industrialization, and economic development across Africa. S&P highlighted Afreximbank's growing strategic importance, robust enterprise risk profile, and expanding role as a countercyclical institution supporting African economies during periods of global and regional uncertainty. The bank's assets grew from US$7.1 billion in 2015 to US$42.3 billion in 2025, with shareholders' equity increasing from US$1.3 billion to US$8.4 billion. Afreximbank, led by George Elombi, also recently announced a US$10 billion Gulf Crisis Response Programme to mitigate the impact of geopolitical tensions on African and Caribbean economies and continues to strengthen systems like the Pan-African Payment and Settlement System to support African trade and investment.
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