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Published on Jun 9, 2025

Afreximbank’s credit rating nears ‘junk’ territory over Ghana’s, others’ defaults

The non-performance of loans owed by the governments of Ghana, Zambia, and South Sudan has triggered a downgrade in Afreximbank’s credit rating. On June 4, Fitch Ratings lowered Afreximbank’s credit rating to ‘BBB-’ with a negative outlook, just one step …

Source: Business Day - Neutral
Published on Jun 10, 2025

A wake-up call for African leaders

Fitch considered Afreximbank’s exposure to the Ghana sovereign (2,4% of loans) as non-performing THE African Peer Review Mechanism (APRM) sprang into action this week, saying Fitch Ratings’ downgrade of Afreximbank was based on “flawed loan classification …

Source: NewsDay Zimbabwe - Neutral
Published on 14:50 GMT

The international role of the euro

The international role of the euro remained broadly stable in 2024. The share of the euro across various indicators of international currency use has been largely unchanged, at around 19%, since Russia’s invasion of Ukraine. The euro continued to hold its …

Distribution channels: Banking, Finance & Investment Industry
Published on Jun 9, 2025

Africa: Afreximbank ratings downgrade by Fitch draws APRM ire

The African Peer Review Mechanism (APRM) has called on Fitch Ratings to re-examine its criteria and assumptions after the agency downgraded African Export-Import Bank (Afreximbank), lowering its long-term foreign currency issuer default rating from “BBB” …

Source: ESI Africa - Neutral
Published on Jun 9, 2025

African Union agency says Fitch's downgrade of Afreximbank is 'flawed'

An African Union credit review body has questioned Fitch ratings agency's downgrade of Africa Export-Import Bank last week, saying it was based on a "flawed" categorisation of loans and calling for the decision to be reconsidered. Last …

Source: Zawya - Indeterminate
Published on Jun 8, 2025

African Peer Review Mechanism (APRM):“Fitch's Downgrade Of Afreximbank's Rating Is Based On Flawed Loan Classification”

(MENAFN- APO Group) In line with Decision [Assembly/AU/Dec.631(XXVII)] of the African Union Assembly of Heads of State and Government and Article 6(g) of the African Peer Review Mechanism (APRM) Statute (2020), which together mandate the APRM to …

Source: MENAFN - Indeterminate
Published on Jun 10, 2025

Fitch Ratings: Why We’ll Not Restructure Debts Of Member Countries – Afreximbank

19 LAGOS – The management of African Export Import Bank (Afreximbank), on Tuesday ruled out any plan to embark on debt restructuring with any of its member countries in the aftermath of the report by Fitch Ratings. Independentng.com recalls that Fitch had …

Source: Daily Independent - Pending
Published on Jun 10, 2025

Britam acquired 30% stake in Continental Re in 2024 to diversify earnings

Britam Holdings has acquired a 30% stake in Continental Reinsurance Company (Kenya) Limited (Continental Re) for Sh763.78 million in the financial year ended December 2024, representing a strategic move to diversify its revenue streams. The stake was …

Source: Reinsurance News - Neutral
Published on Jun 9, 2025

Afreximbank downgrade raises questions about bank’s strategy

The downgrade of the African Export-Import Bank (Afreximbank) by Fitch Ratings to a notch above junk status last week has sparked massive conversation. The New York-based agency cut Afreximbank down to a BBB- rating with a negative outlook from a BBB …

Source: Semafor - Neutral
Published on Jun 10, 2025

Afreximbank Downgrade Dispute Raises Questions On Loan Categorisation

(MENAFN- The Arabian Post) African Union's African Peer Review Mechanism has challenged Fitch Ratings' downgrade of the African Export‐Import Bank, arguing the move rests on a misinterpretation of its sovereign loan portfolio. On 4 June, Fitch …

Source: MENAFN - Indeterminate
Published on Jun 9, 2025

As Markets Teeter, EBC’s David Barrett Calls for Caution, Lower Leverage, and Strategic Gold Allocation

Addressing rising yields, shifting gold dynamics, and why discipline—not speculation—will define success for investors LONDON, UNITED KINGDOM, June 9, 2025 /⁨EINPresswire.com⁩/ -- In a climate defined by rising macroeconomic uncertainty and …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on Jun 9, 2025

As Markets Teeter, EBC’s David Barrett Calls for Caution, Lower Leverage, and Strategic Gold Allocation

Addressing rising yields, shifting gold dynamics, and why discipline—not speculation—will define success for investors LONDON, UNITED KINGDOM, June 9, 2025 /⁨EINPresswire.com⁩/ -- In a climate defined by rising macroeconomic uncertainty and widening asset …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on Jun 9, 2025

As Markets Teeter, EBC’s David Barrett Calls for Caution, Lower Leverage, and Strategic Gold Allocation

Addressing rising yields, shifting gold dynamics, and why discipline—not speculation—will define success for investors LONDON, UNITED KINGDOM, June 9, 2025 /⁨EINPresswire.com⁩/ -- In a climate defined by rising macroeconomic uncertainty and …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on Jun 9, 2025

Fitch downgrades Afreximbank to BBB- amid rising credit risks, transparency concerns

FITCH Ratings has downgraded the long-term issuer default rating of the African Export-Import Bank (Afreximbank) to BBB-, placing it just one notch above junk status. The rating agency also assigned a Negative Outlook, citing increasing credit risks and …

Source: Tribune Online - Center-right
Published on Jun 9, 2025

AU body tackles Fitch over Afreximbank downgrade

The African Peer Review Mechanism, an instrument of the African Union Member States, has faulted the decision of the international credit rating agency, Fitch Ratings, to downgrade the African Export-Import Bank from ‘BBB’ to ‘BBB-’ with a negative outlook …

Source: Punch - Indeterminate
Published on Jun 7, 2025

APRM calls Fitch’s rating of Afreximbank flawed

The African Union is protesting what it deems as the mischaracterisation of the financial status of the African Export-Import Bank, Afreximbank, whose credit rating was recently downgraded. Fitch downgraded Afreximbank’s credit rating to one notch above …

Source: Caribbean Broadcasting Corporation - Public Broadcaster
Published on Jun 7, 2025

APRM challenges Fitch’s downgrade of Afreximbank

The African Peer Review Mechanism (APRM) has pushed back against a recent credit downgrade issued by Fitch Ratings for the African Export-Import Bank (Afreximbank), describing the action as based on flawed and legally questionable loan classification. …

Source: The Nation Barbados - Neutral
Published on Jun 7, 2025

Fitch Lowers Afreximbank Rating Amid Ghana and Zambia Debt Disputes

Fitch Ratings has downgraded the African Export-Import Bank’s credit rating to BBB-, citing exposure to sovereign debt restructurings in Ghana and Zambia. The African Union’s Peer Review Mechanism panel contested the decision, asserting Fitch misclassified …

Source: News Ghana - Indeterminate
Published on Jun 6, 2025

Reviewing Fitch’s downgrade of Afreximbank

In recent developments, the African Peer Review Mechanism (APRM) has sharply criticized the global rating agency Fitch for its decision to downgrade the African Export-Import Bank (Afreximbank). The contention primarily revolves around Fitch's …

Source: CNBC Africa - Neutral

20 days 13:49:23

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Published on June 10, 2025 - 14:34 GMT

Moody’s Affirms Utah’s Aaa Credit Rating, Citing Strong Fiscal Governance and Resilience

SALT LAKE CITY (June 10, 2025) – Moody’s Ratings has reaffirmed Utah’s Aaa issuer credit rating, reflecting the state’s strong economy, exemplary fiscal management, and minimal debt. Utah has never been rated below Aaa by any credit rating agency for its …

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Published on June 11, 2025 - 18:57 GMT

$500 Loan for Bad Credit with No Credit Check & Same-Day Approval – A New Launch from Low Credit Finance

New York City, June 11, 2025 (GLOBE NEWSWIRE) -- Financial crises impact millions of Americans each year, too often leaving people with poor credit choices navigating for instant funding alternatives. Low Credit Finance, an online lending marketplace, has …

Distribution channels: Banking, Finance & Investment Industry, Media, Advertising & PR ...

Published on June 11, 2025 - 18:56 GMT

1-Hour Payday Loans with No Credit Check & $100 Guaranteed – A New Feature by Wizzay

New York City, NJ, June 11, 2025 (GLOBE NEWSWIRE) -- Wizzay.com has announced improvements to its web-based lending platform, allowing consumers to obtain 1 hour payday loans through a network of partner lenders. The platform establishes borrowers in …

Distribution channels: Banking, Finance & Investment Industry, Media, Advertising & PR ...
Published on June 11, 2025 - 16:40 GMT

Recalibration of the Indexed Long-Term Repo Operation – Market Notice 11 June 2025

The Bank of England (the Bank) published a discussion paper - Transitioning to a repo-led operating framework on 9 December 2024, which set out and sought feedback on the Bank's transition to a repo-led, demand driven operating framework for supplying …

Distribution channels: Banking, Finance & Investment Industry

Published on June 11, 2025 - 14:50 GMT

The international role of the euro

The international role of the euro remained broadly stable in 2024. The share of the euro across various indicators of international currency use has been largely unchanged, at around 19%, since Russia’s invasion of Ukraine. The euro continued to hold its …

Distribution channels: Banking, Finance & Investment Industry
Published on June 11, 2025 - 11:00 GMT

Victoria’s Secret & Co. Reports First Quarter 2025 Results

First quarter sales and operating income exceed expectations Reaffirms full year 2025 sales guidance REYNOLDSBURG, Ohio, June 11, 2025 (GLOBE NEWSWIRE) -- Victoria’s Secret & Co. (“VS&Co” or the “Company”) (NYSE: VSCO) today reported financial …

Distribution channels: Business & Economy, Textiles & Fabric Industry ...
Published on June 11, 2025 - 03:19 GMT

Brown & Brown, Inc. announces pricing of $4 billion offering of common stock

DAYTONA BEACH, Fla., June 10, 2025 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) (“Brown & Brown” or the “Company”) today announced the pricing of its public offering of 39,215,686 shares of its common stock (the “common stock”), par value $0 …

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Published on June 10, 2025 - 13:00 GMT

Pomerantz Law Firm Announces the Filing of a Class Action Against Fortrea Holdings, Inc. and Certain Officers – FTRE

NEW YORK, June 10, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Fortrea Holdings, Inc. (“Fortrea” or the “Company”) (NASDAQ: FTRE) and certain officers. The class action, filed in the United States …

Distribution channels: Consumer Goods, Media, Advertising & PR ...

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Published on June 11, 2025 - 19:18 GMT

Gene Matrix Unveils Global HQ at Fulton Labs, Accelerating AI‑Powered Precision Medicine & Genomic Innovation

Fulton Labs HQ unites AI, advanced genomics, and CAP‑accredited labs to speed personalized‑medicine breakthroughs worldwide. CHICAGO, IL, UNITED STATES, June 11, 2025 /⁨EINPresswire.com⁩/ -- Gene Matrix , a world leader in genomics and artificial‑ …

Distribution channels: Business & Economy, Healthcare & Pharmaceuticals Industry ...
Published on June 11, 2025 - 19:00 GMT

1-800-DENTIST Partners with 7 Digit Dental Marketing to Provide Dental SEO and Digital Marketing Services For Dentists

1-800-DENTIST Partners with 7 Digit Dental Marketing to Provide Dental SEO and Digital Marketing Services For Dentists LOS ANGELES, CA, UNITED STATES, June 11, 2025 /⁨EINPresswire.com⁩/ -- 1-800-DENTIST, the nation’s leading dental referral service is …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on June 11, 2025 - 19:00 GMT

KE Andrews and Rosas, PLLC Announce Strategic Collaboration to Expand Nationwide Property Tax Services

KE Andrews and Rosas, PLLC Announce Strategic Collaboration to Expand Nationwide Property Tax Services DALLAS, TX, UNITED STATES, June 11, 2025 /⁨EINPresswire.com⁩/ -- KE Andrews and Rosas, PLLC Announce Joint Effort to Enhance Nationwide Property Tax …

Distribution channels: Business & Economy ...
Published on June 11, 2025 - 19:00 GMT

Outsourced Payroll Services Simplify Payroll Oversight in Washington, USA

Learn why Outsourced Payroll Services are vital for Washington companies to ensure precise payroll and regulatory compliance. MIAMI, FL, UNITED STATES, June 11, 2025 /⁨EINPresswire.com⁩/ -- Managing workforce payments with precision has taken on a new …

Distribution channels: Business & Economy ...
Published on June 11, 2025 - 19:00 GMT

Outsourced Payroll Services Address Pay Accuracy for Nevada Employers

Explore how Outsourced Payroll Services support Nevada businesses in navigating complex payroll and tax requirements. MIAMI, FL, UNITED STATES, June 11, 2025 /⁨EINPresswire.com⁩/ -- Workplaces are redesigning their payroll infrastructure to handle …

Distribution channels: Business & Economy ...
Published on June 11, 2025 - 18:44 GMT

DBMANAGERS Responds to Ecommerce Infrastructure Challenges Faced by Early-Stage Online Retailers

With demand rising for agile IT solutions, DBMANAGERS enhances e-commerce backend support for startups and B2C brands nationwide. NY, UNITED STATES, June 11, 2025 /⁨EINPresswire.com⁩/ -- As U.S. ecommerce businesses continue to evolve in a post- …

Distribution channels: Business & Economy, Consumer Goods ...
Published on June 11, 2025 - 18:41 GMT

New Book Offers a Human-Centered Evaluation of America’s Founding Values and Civic Identity

We the People and Our Freedom Charters” by John K. Pitkethly, MA, LMHC Explores the History, Psychology, and Philosophy Behind the American Republic SAN FRANCISCO, CA, UNITED STATES, June 11, 2025 /⁨EINPresswire.com⁩/ -- In an era of political …

Distribution channels: Business & Economy, Companies ...
Published on June 11, 2025 - 18:37 GMT

Reno Computer Services Rebrands as Reno Cyber IT Solutions, Signaling a Strategic Expansion.

Reno Computer Services rebrands as Reno Cyber IT Solutions, expanding focus on cybersecurity, compliance, and proactive IT support. RENO, NV, UNITED STATES, June 11, 2025 /⁨EINPresswire.com⁩/ -- Reno Computer Services, a longstanding IT partner to …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on June 11, 2025 - 18:36 GMT

Aprio CEO: Culture and Capital Fuel Firms Rapid Growth

Private equity doesn't have to strip your culture. NEW YORK CITY, NY, UNITED STATES, June 11, 2025 /⁨EINPresswire.com⁩/ -- In a recent episode of Gear Up For Growth, powered by CPA Trendlines, Aprio Advisory Group CEO Richard Kopelman, CPA, …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on June 11, 2025 - 18:33 GMT

EY US announces Neelam Brar of Total Life as an Entrepreneur of the Year® 2025 Florida Award finalist

Recognizing bold leadership and innovation in aging and mental health, EY names Neelam Brar a Florida finalist for the 2025 Florida Entrepreneur Of The Year. NEW YORK, NY, UNITED STATES, June 11, 2025 /⁨EINPresswire.com⁩/ -- Ernst & Young LLP …

Distribution channels: Beauty & Hair Care, Business & Economy ...
Published on June 11, 2025 - 18:28 GMT

Parlay HVAC Solutions Sponsors Industry Webinar to Help Contractors Tackle the R-454B Refrigerant Shortage

Parlay HVAC sponsors a June 12 webinar to help contractors tackle the R-454B shortage and prep for Canada’s 2026 refrigerant shift. Register now for insights! BRADFORD, ONTARIO, CANADA, June 11, 2025 /⁨EINPresswire.com⁩/ -- As the HVAC industry …

Distribution channels: Building & Construction Industry, Business & Economy ...
Published on June 11, 2025 - 18:27 GMT

New Website Solution Challenges the One-Size-Fits-All Approach in Dental Marketing

Phoenix Dental Agency Relaunches Foreversites™, a Fully Redesigned Website Platform Built to Meet Modern Demands for Authentic Patient Engagement ANACORTES, WA, UNITED STATES, June 11, 2025 /⁨EINPresswire.com⁩/ -- As the dental profession becomes …

Distribution channels: Business & Economy, Companies ...
Published on June 11, 2025 - 18:26 GMT

Atlas Power Technologies Achieves UL810A Certification for its Supercapacitor at Industry-Leading Rated Current of 200A

ABBOTSFORD, BC, CANADA, June 11, 2025 /⁨EINPresswire.com⁩/ -- Atlas Power Technologies has achieved a new global benchmark in supercapacitor performance with the announcement of its updated UL 810A certification for its dry-electrode supercapacitor …

Distribution channels: Automotive Industry, Aviation & Aerospace Industry ...
Published on June 11, 2025 - 18:15 GMT

Lounge Lizard Reveals 10 Color Inspiration Secrets Only Top Web Designers Know

LONG ISLAND, NY, UNITED STATES, June 11, 2025 /⁨EINPresswire.com⁩/ -- Lounge Lizard Worldwide Inc., a leading digital marketing and web design company, has unveiled ten exclusive color inspiration secrets used by elite designers to create visually …

Distribution channels: Business & Economy, Companies ...
Published on June 11, 2025 - 18:13 GMT

Comfort Keepers of New Jersey Celebrates National Day of Joy Early with Special Event Honoring Caregivers

MERCERVILLE, NJ, UNITED STATES, June 11, 2025 /⁨EINPresswire.com⁩/ -- Comfort Keepers of New Jersey is thrilled to announce a joyful celebration in honor of the National Day of Joy (DOJ)—held early on Wednesday, June 12, 2025, from 11:00 AM to 1:00 …

Distribution channels: Business & Economy, Companies ...
Published on June 11, 2025 - 18:11 GMT

Supermarket News unveils full agenda for GroceryNEXT: The premier event for what’s next in grocery retail

CHICAGO, IL, UNITED STATES, June 11, 2025 /⁨EINPresswire.com⁩/ -- Supermarket News, the most trusted voice of the grocery industry, has unveiled the initial agenda for GroceryNEXT, a bold new event designed to equip grocery leaders with the …

Distribution channels: Business & Economy, Conferences & Trade Fairs ...
Published on June 11, 2025 - 18:05 GMT

Asana Recovery Expands Outpatient Rehab in Orange County to Include Telehealth for Mental Health and Addiction Treatment

Asana Recovery expands outpatient rehab and IOP programs in Costa Mesa, CA, now offering telehealth for mental health and addiction care. COSTA MESA, CA, UNITED STATES, June 11, 2025 /⁨EINPresswire.com⁩/ -- Asana Recovery, a leading behavioral …

Distribution channels: Business & Economy, Culture, Society & Lifestyle ...
Published on June 11, 2025 - 18:04 GMT

One Click SEO Releases Multi-Platform Social Automation with Review Integration

GoHighLevel-powered automation delivers a consistent multi-platform presence with zero daily management, featuring automated review integration. NEW ORLEANS, LA, UNITED STATES, June 11, 2025 /⁨EINPresswire.com⁩/ -- One Click SEO, a leading digital …

Distribution channels: Business & Economy, Media, Advertising & PR ...
Published on June 11, 2025 - 18:00 GMT

Outsource Payroll Services Help Utah Firms Manage Workforce Complexity

See why Utah organizations turn to outsource payroll services to streamline payroll and meet evolving regulations. MIAMI, FL, UNITED STATES, June 11, 2025 /⁨EINPresswire.com⁩/ -- As payroll regulations grow more demanding, companies are turning to …

Distribution channels: Business & Economy ...
Published on June 11, 2025 - 17:54 GMT

Smokey Bones Cuts Prices on House Rack Ribs

Brand makes bold inflation buster move with signature offering PLANTATION, FL, UNITED STATES, June 11, 2025 /⁨EINPresswire.com⁩/ -- Smokey Bones, the 'Masters of Meat,' is helping guests feel less of the economic squeeze by slashing prices on …

Distribution channels: Business & Economy, Culture, Society & Lifestyle ...