S&P Global affirms African Development Bank’s AAA rating, with stable outlook

Ratings agency S&P Global on Friday affirmed its ‘AAA/A-1+’ long- and short-term issuer credit assessment of the African Development Bank (AfDB) with a stable outlook. The rating agency positively assessed the Bank’s very strong financial risk profile, very strong capital adequacy, strong funding and liquidity, extraordinary shareholder support and adequacy of its governance and management. […]

The post S&P Global affirms African Development Bank’s AAA rating, with stable outlook appeared first on East African Business Week.

Go to Source

Powered by WPeMatico