Stable outlook from Moody’s signals optimism for EAIF’s infrastructure financing in Africa --[Reported by Umva mag]

• Moody’s has affirmed the long-term foreign-currency issuer rating of the Emerging Africa Infrastructure Fund (EAIF), a multi-donor financing mobilizer at A2, with a stable outlook.
• EAIF says this endorsement is a pointer to its strong capital position and highly rated shareholder base.
• Founded in 1991, EAIF says has concluded nine rounds of raising funds for infrastructure development in the past two decades.

Global rating agency Moody’s has affirmed the Emerging Africa Infrastructure Fund (EAIF) long-term foreign-currency issuer rating at A2, with a stable outlook.

According to the Jo’burg-based fund, this endorsement signals its “strong capital position, and highly rated shareholder base,” a pointer to resilience in Africa’s infrastructure financing market.

“We are delighted that EAIF’s consistent track record of performance – despite a challenging macroeconomic operating environment – has been reflected in our retention of the A2 rating,” said Martijn Proos, Co-head of Emerging Market Alternative Credit at Ninety One, …

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