CAIRO, Aug. 28 -- JAPAN Credit Rating Agency, Ltd. (JCR) has affirmed African Export-Import Banks A-issuer credit rating with a stable outlook.

An A-issuer credit rating signifies “high creditworthiness” with strong financial characteristics but is somewhat more susceptible to adverse conditions than higher ratings.

The rating reflects JCRs assessment of Afreximbanks strong strategic positioning, robust risk management framework, consistent profitability, prudent liquidity policies, and resilient capital base.

JCR also noted the banks important role in supporting trade finance and economic development across Africa and the Caribbean.

The rating agency stated that it expects Afreximbanks rating to remain stable over the nex...