Africa Specialty Risks Receives BBB+ Credit Rating with a Positive Outlook from Fitch

Africa Specialty Risks (ASR), the pan-African and Middle East focused (re)insurance group, is pleased to announce that Fitch Ratings has assigned a BBB+ long term insurance financial (IFS) rating with a positive outlook to ASR Re Limited (ASR Re). Fitch’s rating reflects ASR Re’s very strong capitalisation and low leverage. The positive outlook reflects ASR Re’s improving franchise and business profile as it continues to grow business volumes […]

September 23, 2024 9

Africa

Rating agencies and Africa: the absence of people on the ground contributes to bias against the continent – analyst

By Misheck Mutize, University of Cape Town Rating agency Fitch recently warned that the rapid spread of the mpox virus in sub-Saharan Africa could add to the fiscal pressures many countries in the region are already experiencing. The Africa Centres for Disease Control and Prevention and the World Health Organization have declared the latest outbreak of mpox in Africa a health emergency. An epidemic in the Democratic […]

September 9, 2024 18

Business / Economics

DBN’s long-term ratings steady with positive outlook

Fitch Ratings has affirmed the Development Bank of Namibia Limited's Long-Term Issuer Default Ratings at 'BB-' and its National Long-Term Rating at 'AA+, with a stable outlook. Fitch said although DBN recorded a loss of N$270 million for the 2023 financial year due to high loan impairment charges, it forecasts the bank to turn profitable. Here is economic researcher Josef Sheehama.

March 26, 2024 25

Business / Economics

Fitch Ratings Rates Namibia’s Development Bank as Outlook Stable

Opinion Piece, By Josef Kefas Sheehama Fitch Ratings has affirmed DBN's Long-Term Issuer Default Ratings (IDR) at 'BB-' and it’s National Long-Term Rating at 'AA+. These credit ratings cover the widest range of credit risk factors and have no limitations. The Namibian Development Bank (DBN) is the country's flagship and largest policy bank, contributing to economic and social development. Its strategy is in line with national development […]

March 26, 2024 24

Fitch Ratings