Afreximbank Secures Second Consecutive AAA Rating from CCXI

African Export-Import Bank (Afreximbank) has once again received a strong endorsement of its financial health, with China Chengxin International Credit Rating Co. (CCXI) affirming its AAA issuer credit rating and maintaining a Stable outlook for the second year running. This reaffirmation underscores the bank's robust financial standing and its critical role in supporting African economies and global African interests.

In its 2026 Credit Rating Report, released in Beijing, CCXI highlighted several key strengths that underpin Afreximbank's creditworthiness. These include a high strategic positioning, a sound risk management system, flexible business development strategies, strong profitability, prudent liquidity management, and a very high ratio of current assets to short-term debts. CCXI anticipates that these factors will ensure the bank's credit rating remains stable over the next 12 to 18 months.

Chandi Mwenebungu, Afreximbank's Managing Director of Treasury & Markets and Treasurer, expressed his satisfaction with the rating. "CCXI’s affirmation of our AAA rating for a second consecutive year is a strong endorsement of Afreximbank’s financial strength, disciplined risk management and enduring relevance to Africa and Global Africa," he stated. Mwenebungu emphasized that the rating reflects the bank's ability to fulfill its mandate, support member states through uncertain times, and mobilize capital from diverse global markets while maintaining the resilience expected of a leading multilateral development bank.

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CCXI’s affirmation of our AAA rating for a second consecutive year is a strong endorsement of Afreximbank’s financial strength, disciplined risk management and enduring relevance to Africa and Global Africa.

The AAA rating not only reinforces Afreximbank's access to varied funding streams, especially within China, but also bolsters its presence in one of the world's most significant capital markets. This follows Afreximbank's pioneering issuance of its first RMB2.2 billion Panda bond in 2025, making it the first African multilateral development institution to tap into this market. The bank also became a direct participant in China’s Cross-border Interbank Payment System (CIPS), further facilitating trade and investment between China and Africa.

This CCXI rating complements other recent assessments, including S&P Global Ratings' 'BBB+' long-term rating and 'A-2' short-term rating, as well as investment-grade ratings from GCR (A), Japan Credit Rating Agency (JCR) (A-), and Moody's (Baa2).

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It demonstrates our ability to deliver on our mandate, support our member states through periods of uncertainty and mobilise capital from the breadth and depth of diverse funding pools across local and global markets, while maintaining the financial resilience and institutional strength expected of a leading multilateral development bank.