JP Morgan Backs Afreximbank’s Bonds After Junk Rating Sell-Off
JP Morgan has upgraded Afreximbank bonds after a sell-off triggered by Fitch’s junk rating, saying the bonds now offer value despite rating controversy.
JP Morgan has upgraded Afreximbank bonds after a sell-off triggered by Fitch’s junk rating, saying the bonds now offer value despite rating controversy.
Afreximbank has officially ended its credit rating relationship with Fitch Ratings, citing concerns that the process no longer reflects its mandate, legal framework, and mission as a pan-African development bank.