US EditionJP Morgan backs Afreximbank's bonds after junk rating selloff
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.3 Articles
3 Articles
The divorce is consumed. On January 23, 2026, Afreximbank officially slammed the door of the rating agency Fitch Ratings. The reason? A total misunderstood of the functioning of the pan-African bank by the rating agency. For the institution based in Cairo, Fitch simply did not speak the same language as it did. A dialogue of the deaf Afreximbank did not chew his words: it blames Fitch for a rigid methodology, unable to grasp the subtleties of it…
JP Morgan Defies Fitch on Afreximbank Bonds
JP Morgan has moved against prevailing market sentiment by backing Afreximbank bonds in the aftermath of a sharp selloff triggered by a credit rating downgrade from Fitch. The US investment bank switched its view on African Export and Import Bank bonds to overweight from underweight, arguing that recent price declines have created fresh value for investors. The reassessment follows heavy selling pressure after Fitch downgraded Afreximbank to ju…
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
