Opinion: Why Afreximbank’s break with Fitch exposes deeper rift
By Macharia Kihuro NAIROBI (CONVERSEER) – In a recent public statement, the African Export-Import Bank (Afreximbank) announced it would terminate its credit rating relationship with Fitch Ratings. The rationale for this decision was particularly striking. The bank attributed the move to its “firm belief that the credit rating exercise no longer reflects a good understanding…