Fitch downgrades Afreximbank to junk status, withdraws all ratings

Read Article

Comments (13)

This article is closed for comments.

Read Comments Comments (13)

Fuck these Western rating agencies 6 hours ago

These motherfuckers have the tendency of giving negative reports on African countries and businesses just to undermine them and bring them down. Africans should not give too much importance to these rating agencies, especiall ...
read full comment

These motherfuckers have the tendency of giving negative reports on African countries and businesses just to undermine them and bring them down. Africans should not give too much importance to these rating agencies, especially those American rating agencies. They always give negative ratings to Africa related entities to make it difficult for them to access credit to develop whereas they don't give the same negative ratings to Argentina or Greece.
Kramai 6 hours ago

they are mostly working for western leaders so allow,they are only protecting them from bad loans

they are mostly working for western leaders so allow,they are only protecting them from bad loans
Kramai 6 hours ago

western lenders *

western lenders *
Benji 6 hours ago

"Fitch said the apparent hit taken in Ghana’s debt restructuring raised the bank’s risk profile to ‘high risk’ from ‘medium’." NPP and Ofori Atta's DDEP effect still lingers, while he languishes in an ICE detentio ...
read full comment

"Fitch said the apparent hit taken in Ghana’s debt restructuring raised the bank’s risk profile to ‘high risk’ from ‘medium’." NPP and Ofori Atta's DDEP effect still lingers, while he languishes in an ICE detention center. NPP never again.
C.Stephen Sackey 4 hours ago

I agree.
Fitch and it's compadres are the foot soldiers for The Economic Assassins.....IMF, WB,....and the Hedge Funds...
And..
Who takes this credit agency any serious?
It gave AAA ratings to the credit default swaps i ...
read full comment

I agree.
Fitch and it's compadres are the foot soldiers for The Economic Assassins.....IMF, WB,....and the Hedge Funds...
And..
Who takes this credit agency any serious?
It gave AAA ratings to the credit default swaps issued by AIG whose default and others brought us 2008-2009 financial crisis.
And..
Here's the kicker.
None of those analysts were prosecuted for conflicts of interest....
Why..?
The issuers of that junk nsurance portfolio paid for that service and the analyst feared a bad ratings will starve them from future engagements. .
They didn't even believe....despite all their so- called rigors of insurance premiums pricing that there would be any claims.
Their hubris was detailed on the front page of TNYT...circa 2008-2009.

My advice.?
The CONTINENT should set up its own credit agencies.
Enough of the foot soldiers for The Economic Assassins.
Francis Holland 6 hours ago

Pure discriminatiion they don’t want to see Africans banks helping

Pure discriminatiion they don’t want to see Africans banks helping
kuzkuz 3 hours ago

my brother if a rich man owes you and promises to pay back it is not the same as a pauper saying the same,you cant compare America with dollar printer owing to ghana owing,anerica would not take pensioners bonds and give them ...
read full comment

my brother if a rich man owes you and promises to pay back it is not the same as a pauper saying the same,you cant compare America with dollar printer owing to ghana owing,anerica would not take pensioners bonds and give them military haircut,never.
Otunuga, Sunday Olusegun 4 hours ago

Ghana's irresponsible fiscal management continues to put individuals and institutions into problem.
I am personally a victim of the nonsense restructuring.

Ghana's irresponsible fiscal management continues to put individuals and institutions into problem.
I am personally a victim of the nonsense restructuring.
@@@ 2 hours ago

Go and deal with your Nigerian banks since they are a lot better stupidity at its PEAK

Go and deal with your Nigerian banks since they are a lot better stupidity at its PEAK
Awal 4 hours ago

Blame Nana and NPP
We need to Reset the Bank
We watching ooh

Blame Nana and NPP
We need to Reset the Bank
We watching ooh

Francis Mccarthy. 3 hours ago

BLAME OFORI ATTA and NANA ADDO. NPP DISGUSTINGLY “STINKS. NEVER AGAIN NEAR GHANAIAN POLITICS FOR NOW

BLAME OFORI ATTA and NANA ADDO. NPP DISGUSTINGLY “STINKS. NEVER AGAIN NEAR GHANAIAN POLITICS FOR NOW
Agbeli Kumordziì 3 hours ago

Africa needs to withdraw from those colonial evil ratings organizations look at the banks in America today highly indebted nation
How will they rates banks in America

Africa needs to withdraw from those colonial evil ratings organizations look at the banks in America today highly indebted nation
How will they rates banks in America
@@@ 2 hours ago

American banks are failing left and right but noone talks about them
Pulaski Savings Bank (Chicago, IL) The Santa Anna National Bank (Santa Anna, TX),Republic First Bank (Philadelphia, PA),The First National Bank of Lindsay ...
read full comment

American banks are failing left and right but noone talks about them
Pulaski Savings Bank (Chicago, IL) The Santa Anna National Bank (Santa Anna, TX),Republic First Bank (Philadelphia, PA),The First National Bank of Lindsay (Lindsay, OK),Citizens Bank (Sac City, IA, I can go on and on. but when an african bank refuses to bow down to them they start talking trash

13 Comments

Welcome,

SIGN IN

Welcome,

RESET PASSWORD

Hello,

Terms and conditions

REGISTER

Fitch downgrades Afreximbank to junk status, withdraws all ratings

Read Comments .st0{display:none;fill:#14BDD3;} .st1{display:none;} .st2{display:inline;fill:#FC0F0F;} .st3{display:inline;fill:#FFFFFF;} .st4{display:inline;fill:none;stroke:#000000;stroke-width:6;stroke-miterlimit:10;} Comments (13)

Read Comments Comments (13)