Geneva, December 12, 2024 – Creditreform Rating AG (CRA) has reaffirmed its A/Stable rating for the GLS Senior Notes issued by the Regional MSME Investment Fund for Sub-Saharan Africa SA, SICAV-SIF. This rating, first assigned in November 2021, reflects the high credit quality and low investment risk associated with the notes, underscoring the Fund’s robust financial management and strategic focus.
The Regional MSME Investment Fund for Sub-Saharan Africa (REGMIFA) plays a pivotal role in driving economic development by investing into micro, small, and medium-sized enterprises (MSMEs), across sub-Saharan Africa. These investments are facilitated through debt capital, primarily senior debt and mezzanine financing instruments, distributed via financial intermediaries. Symbiotics Asset Management S.A. serves as the investment manager, leveraging its expertise to channel funds into MSMEs, which are the backbone of local economies.
CRA’s reaffirmation of the A/Stable rating signals confidence in the Fund’s ability to meet its financial obligations while maintaining its commitment to fostering sustainable development in the region. This rating also reflects the Fund’s strong governance, prudent risk management, and focus on delivering financial returns and positive social impact.
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About Regmifa
Launched in 2010, the REGMIFA Fund is a blended finance initiative that attracts both public and private investors seeking impactful ventures with risk-adjusted returns. Since its inception, the Fund has generated USD 670 million in investments across Sub-Saharan Africa, impacting over 2 million micro-entrepreneurs. A parallel Technical Assistance Facility provides tailored technical and institutional support to REGMIFA’s partner institutions, enhancing their capacity and effectiveness. regmifa.com
About Symbiotics Asset Management
Symbiotics is the leading market access platform for impact investing, dedicated to private markets in emerging and frontier economies. The group offers investment, asset management and capacity building services. Symbiotics Asset Management has USD 2.8 billion in assets under management spread across 20 different funds and mandates. symbioticsgroup.com
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For more information contact:
Samy Derradji, Head of Corporate Communication, Symbiotics
samy.derradji@symbioticsgroup.com
