Cheap borrowing: Africa Finance Corporation secures A rating from S&P global

By: Chidozie Nwali S&P Global Ratings has assigned its first-ever credit ratings to the Africa Finance Corporation (AFC), positioning the multilateral lender as one of the highest-rated investment-grade institutions on the continent. Earlier this week, S&P assigned the AFC an ‘A’ long-term and ‘A-1’ short-term issuer credit rating with a...