Africa Finance Corporation has maintained its top-tier AAA credit ratings with stable outlooks from China Chengxin International Credit Rating Co. Ltd and S&P Global China Ratings, reinforcing confidence in the Corporation’s financial strength, governance standards, and role in financing infrastructure development across Africa.
The renewed ratings reflect AFC’s resilient balance sheet, disciplined capital management, strong liquidity position, and prudent risk management framework. CCXI affirmed AFC’s AAA domestic issuer credit rating with a stable outlook, while S&P Global China Ratings affirmed its AAAspc issuer credit rating with a stable outlook.
These rating affirmations are expected to strengthen AFC’s position in China’s domestic debt capital markets and support its broader strategy to diversify funding sources, expand investor access, and mobilize long-term capital for transformative infrastructure projects across the continent.
According to the rating agencies, AFC’s comprehensive risk management framework, conservative liquidity approach, strong governance, and sufficient capital buffers continue to support its credit profile. S&P Global China Ratings also highlighted AFC’s liquidity coverage ratio, which stood at 203% under business-as-usual assumptions and 207% under a stressed scenario at the end of 2025.
AFC said the reaffirmations demonstrate growing international recognition of its role as a trusted infrastructure financier for Africa. The Corporation noted that stronger ties with Asian markets will help drive investment in economic development, high-value job creation, and Africa’s long-term prosperity.
The Corporation has continued to expand its partnerships with major Chinese financial institutions, including Bank of China, Industrial and Commercial Bank of China, China Exim Bank, China Construction Bank, and other leading Asian and Middle Eastern lenders.
Recent financing milestones, including large syndicated loan facilities, show AFC’s ability to attract international capital and deepen its relationships across global banking markets. These partnerships support AFC’s commitment to broadening its investor base and mobilizing capital for infrastructure-led industrialization across its member countries.
