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Fitch Affirms Triple A Rating of the African Development Bank


Fitch Affirms Triple A Rating of the African Development Bank

July 23, 2020 at 8:48 AM

Fitch Ratings, the global credit rating agency, has affirmed the African Development Bank's (AfDB) Long-Term Issuer Default Rating (IDR) at 'AAA', with stable outlook.

According to the agency, "the 'AAA' rating of the AfDB is driven by extraordinary support it receives from its shareholders, which Fitch Ratings assesses at 'aaa'".

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