INNOVATIVE AND LOCAL AFRICA FINANCE CORPORATION RECEIVES HIGH CREDIT RATING
April 11th, 2014
AFTER six years of financing some of the largest infrastructure projects across Africa, a groundbreaking multilateral development institution - the Africa Finance Corporation (AFC) - has attained its investment grade international credit rating. Moody's Investors Service assigned the corporation an A3 (long term) /P2 (short term) foreign currency debt rating, making the AFC, headquartered in Lagos, Nigeria the second highest investment grade rated financial institution based on the African continent, following the long-established Africa Development Bank (ADB). ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.