Financial Statements

All the financial statements provided here are part of the 2010 Annual Report. The accompanying notes to the financial statements form part of the statements.

The rating agencies Standard & Poor’s, Moody’s, Fitch Ratings, and the Japan Credit Rating Agency reaffirmed their AAA and AA+ rating of the African Development Bank’s senior and subordinated debt respectively, with a stable outlook. Their rating reflects the Bank’s strong membership support, its preferred creditor status, sound capital adequacy and prudent financial management and policies.