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Fitch Ratings has raised the long-term rating of African Export-Import Bank (Afreximbank) from BBB- to BBB with a stable outlook. In its pitch, Fitch Ratings highlighted that Afreximbank has strengthened its institutional role and raised its profile as the leading multilateral development bank focused on supporting the public and private sectors in Africa. The credit rating agency also noted the growing number of key mandates being implemented by the Bank in support of African Union initiatives, which it said “is further evidence of the rising profile
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