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

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Fitch Ratings has affirmed the African Development Bank (AfDB)’s Long-term Issuer Default Rating (IDR)'s at ‘AAA’ with a Stable Outlook. The Short-term IDR has been affirmed at 'F1+'.

The ratings are underpinned by strong support from AfDB’s shareholders and by the Bank's intrinsic strengths, in particular its solid capitalisation, high liquidity and conservative risk management policies.

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