Moody’s Affirms AFC’s A3 Ratings and Stable Outlook, Underscoring Strong Financial Resilience
Lagos, 14 August 2026 – Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has had its strong investment-grade credit profile reaffirmed, with Moody’s Ratings maintaining the Corporation’s long-term foreign currency issuer and senior unsecured ratings at A3, with a stable outlook.
The ratings underscore AFC’s status as one of Africa’s highest-rated investment-grade institutions. They also reinforce the Corporation’s ability to access global capital markets and mobilise financing for critical infrastructure and industrial projects across the continent.
Moody’s also affirmed AFC’s junior subordinated rating at Baa3, short-term foreign currency issuer rating at P-2 and associated programme ratings.
“The affirmation also reflects AFC's high-quality liquidity buffers, with Availability of Liquid Resources Ratio at 202% in 2025, and its broad access to diverse liquidity sources, including several bond markets in diverse formats but also strong access to the syndicated loan market,” Moody’s stated in its latest report.
For the full ratings announcement from Moody’s, please click here.
About AFC
AFC was established in 2007 to be the catalyst for pragmatic infrastructure and industrial investments across Africa. AFC’s approach combines specialist industry expertise with a focus on financial and technical advisory, project structuring, project development, and risk capital to address Africa’s infrastructure development needs and drive sustainable economic growth.
Nineteen years on, AFC has developed a track record as the partner of choice in Africa for investing and delivering on instrumental, high-quality infrastructure assets that provide essential services in the core infrastructure sectors of energy, natural resources, heavy industry, transport, and telecommunications. AFC has 48 member countries and has invested over US$19 billion in 36 African countries since its inception.
Media Enquiries:
Yewande Thorpe
Communications
Africa Finance Corporation
Mobile : +234 1 279 9654
Email : yewande.thorpe@africafc.org