Moody’s affirms African Development Bank AAA rating, stable outlook
Moody’s Investors Service (“Moody’s”) has affirmed the African Development Bank’s Aaa long-term issuer and senior unsecured ratings. The outlook remains stable. In a rating action note dated 28 October 2021, Moody’s said the key factors underpinning the affirmation include robust capital buffers, combined with superior risk management which contain the challenges associated with low development asset credit quality amid a…
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