FITCH AFFIRMS AFRICAN DEVELOPMENT BANK AT ‘AAA’; OUTLOOK STABLE

Fitch Ratings has affirmed the African Development Bank (AfDB)’s Long-term Issuer Default Rating (IDR)'s at ‘AAA’ with a Stable Outlook. The Short-term IDR has been affirmed at 'F1+'.

The ratings are underpinned by strong support from AfDB’s shareholders and by the Bank's intrinsic strengths, in particular its solid capitalisation, high liquidity and conservative risk management policies.

The full press release is available on: https://www.fitchratings.com/site/fitch-home/pressrelease?id=989044