Fitch affirms African Development Bank at ‘AAA’; Outlook Stable

Fitch Ratings has affirmed the African Development Bank’s (AfDB) Long-Term Issuer Default Rating (IDR) at ‘AAA’ with a Stable Outlook and Short- Term IDR at ‘F1+’. A full list of rating actions is at the end of this rating action commentary. Key Rating Drivers The ‘AAA’ rating primarily reflects extraordinary support from AfDB’s shareholders, assessed ...