AfDB triple-A rating affirmed

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

The affirmation of the Côte d’Ivoire-based development finance institution reflects the strong support from its shareholders, conservative risk management policies and strong liquidity buffer and quality of liquid assets.

This comes just after S&P Global Ratings affirmed AfDB’s long-term issuer credit rating at AAA on its strong levels of capital adequacy and liquidity, earlier in 2020.

See issuer profile here