Afreximbank accuses Fitch of ‘erroneous view’ over exposure to losses
African lender denies it can be drawn into debt restructurings after rating agency cites ‘higher solvency risk’
African lender denies it can be drawn into debt restructurings after rating agency cites ‘higher solvency risk’

Critics say growing use of total return swaps is piling on risks for cash-strapped countries and their creditors

South Africa’s FirstRand says industry-wide £9.1bn programme is ‘deeply flawed’

US bank says recommendation has been withdrawn ‘based on a review of new information’

West African nation agreed total return swaps with AFC and FAB months after separate hidden debt scandal came to light

Policymakers and banking industry should push for convergence on rules

Fitch highlights liquidity risks for central securities depository if EU plan for a loan to Ukraine goes ahead