December 1, 2023
Home Posts tagged Outlook

Outlook on Africa Finance Corporation’s Rating Raised to Stable by Moody’s

Moody’s improves AFC’s outlook to stable from negative, affirming A3 long-term issuer and senior unsecured ratings Stable outlook “underlines the resilience of AFC’s credit profile in the face of significant shock” from Covid pandemic, says Moody’s A3 rating affirmation underpinned by AFC’s intrinsic financial strength, which includes a capital adequacy ratio of 34.1% and