Moody's upgrades ACA's outlook

Moody's has confirmed the African Trade Insurance Agency's (ACA) "A3" financial strength rating for the fifth consecutive year. The outlook was upgraded from stable to positive.

This outlook upward revision reflects the significant increase in the number of ACA member countries, which has contributed to a more diverse portfolio, good capital adequacy, and solid profitability despite a challenging operating environment.

ACA has strong ties with several international reinsurers and benefits from a preferred creditor status among its member countries.

Established in 2001, ACA is a multilateral organization that provides insurance products for investment and commercial risks.