AfDB rating affirmed

African Development Bank’s (AfDB) long-term issuer credit rating has been affirmed at AAA, with a stable outlook by a rating agency.

The affirmation of the Côte d’Ivoire-based development finance institution reflects its solid financial base, prudent financial and risk management policies and its status as a ‘preferred creditor’.

This comes after the rating agency affirmed AfDB’s rating on its strong levels of capital adequacy and liquidity positions in 2020.

See issuer profile here