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Fitch changes Afreximbank's outlook to stable from negative

Fitch Ratings on Oct. 4 revised African Export-Import Bank's outlook to stable from negative.

The outlook revision reflects the strengthening in the Egyptian lender's intrinsic profile along with its successful capital increase, which according to the agency had considerably reduced its key solvency metrics.

At the same time, the agency affirmed the bank's BBB-/F3 long- and short-term foreign- and local-currency issuer default ratings and BBB- senior unsecured debt rating.