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Credit Ratings

The major rating agencies Moody’s, Standard & Poor’s, Fitch and the Japanese Credit Rating Agency have assigned a triple-A rating on AfDB long term senior debt and double A-plus on its subordinated debt. The outlook on all the ratings are stable and reflect the Bank’s strong membership support, healthy capital adequacy, preferred creditor status and strong financial condition.

Long-Term Senior AAA Short-Term Senior F1+ Outlook Stable

The African Development Bank’s (“AfDB”) ratings are primarily based on the support from its member countries, which include several highly-rated, non-African shareholders, the sound credit policies and its preferred creditor status, common to all Multilateral Development Banks (“MDBs”), which gives AfDB priority over other lenders. 


Senior Note AAA/StableSubordinate Notes AA+/Stable

The ratings reflect African Development Bank's solid capital base, sound financial position derived from its prudent operational policy, conservative risk management and from the significant reduction in its loan arrears, and the established ''preferred creditor status'' enjoyed by it. The bank smoothly relocated its operating activities to Tunis and there is no concern about carrying out its operations there.The rating outlooks are stable 


Credit Ratings

The African Development Bank’s (AfDB) Aaa/Prime-1 ratings and stable outlook reflect a combination of its intrinsic financial strength, prudent financial management and liquidity policies and very strong shareholder support.

Credit Ratings: AAA/Stable/A-1+

Standard & Poor's rated all senior debt issued under the Global Debt Issuance Facility 'AAA' and all subordinated debt 'AA+'; Standard & Poor's rated all commercial paper issued under the Commercial Paper Program 'A-1+'. Standard & Poor's maintains annual surveillance on facility issuances.