Fitch Rating Company Verifies Triple A (AAA) Score Of African Advancement Bank, With Steady Outlook
Fitch Rankings, the international credit ranking company, has verified the African Development Bank’s (AfDB) (www.AfDB.org) Long-Term Issuer Default Ranking (IDR) at ‘AAA’, with a steady outlook. According to the agency, “the ‘AAA’ ranking of the AfDB is driven by amazing assistance it receives from its investors, which Fitch Rankings evaluate at ‘aaa’”. It evaluated the Bank’s threat management policies as conservative and outstanding in line with ‘AAA’ ranked local peers. Fitch Scores examined “the Bank’s liquidity profile at ‘aaa’, showing an ‘outstanding’ liquidity buffer and quality of liquid assets”, while…
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