The African Business Review May-Jun 2014 | Page 22

African Development Bank’s “AAA”
Ratings Affirmed with a Stable Outlook

T

The stable outlook on the Bank’s rating balances
its intrinsic strengths with the requisite of further building
its resilience and adapting its business strategy
to the changes in its operating environment.
These are equally important for the Bank to continue
maximizing its added-value for its shareholders
and Regional Member Countries while protecting
22 |balance sheet and financial soundness.
The African Business Review
its

© AfDB (AFMI) 2012 - DESIGN ERCU/YAL

he African Development Bank “AAA”
ratings were affirmed with a stable
outlook by the four leading international
rating agencies that rate the Bank. According
to Standard & Poor’s, Moody’s, Fitch and JCR
(Japan Credit Rating Agency Ltd.), these ratings
are underpinned by the Bank’s strong financial
profile as well as prudent financial management
and policies. These strengths helped the Bank
to operate in a volatile operating environment
marked by socio-political and economic
turbulence in North Africa, and rampant crisis
in the Euro zone. Rating agencies have also
recognized the Bank’s shareholders’ support
as a major factor contributing to the Bank’s excellent
credit quality. This support was demonstrated
by shareholders’ unanimous decision to approve
the Sixth General Capital Increase tripling the Bank’s
capital base.

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