• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

Fitch Rating agency affirms AfDB’s AAA rating with stable outlook

William Ukpe by William Ukpe
July 21, 2020
in Business News
e-Learning Platform, Africa Development Bank. AfDB develops Index to aid women empowerment , African Development Bank awards $1.1 million to boost food production in Africa , AFDB increases capital to $208 billion in bid to secure Africa’s future , African Investment Forum: AfDB eye $67 billion deals , ECOWAS backs Adewunmi Adesina’s re-election as AfDB election nears , AfDB bows to pressure from U.S., orders an independent probe of Akinwumi Adesina, Fitch rating agency affirms AfDB's AAA rating with stable outlook, Digital Nigeria e-Learning Platform registers 16,000 users in 24 hours - African Development Bank

Akinwunmi Adesina, President, Africa Development Bank (AfDB)

Share on FacebookShare on TwitterShare on Linkedin

The African Development Bank’s (AfDB) Long-Term Issuer Default Rating (IDR) has been rated AAA with a stable outlook by a global credit rating agency Fitch.

This was disclosed by the AfDB in a statement published on Tuesday on its website.

“The ‘AAA’ rating of the AfDB is driven by extraordinary support it receives from its shareholders, which Fitch Ratings assess at ‘AAA’. It judged the Bank’s risk management policies as conservative and excellent in line with ‘AAA’ rated regional peers,” the bank said.

RelatedStories

Wema bank

Fitch upgrades Wema Bank’s National Rating to A–(nga), outlook raised to positive 

June 13, 2025

World Food Prize Foundation appoints outgoing AfDB president Adesina to Council of Advisors 

June 11, 2025

Fitch Ratings assessed the Bank’s liquidity profile at ‘AAA’, reflecting an ‘excellent’ liquidity buffer and quality of liquid assets, while the bank’s capitalization is judged strong reflecting strong equity-to-assets ratio.

President, AfDB, Dr. Akinwumi Adesina, said the bank is delighted to have the credit rating despite the economic downturns and challenges due to the pandemic. He added that the bank will continue strengthening its policy “to support regional member countries, especially during and after the period of COVID-19, while ensuring that we maintain our prudential ratios with adequate buffers.”

READ MORE: Africa’s GDP could fall by 3.4% in 2020 if COVID-19 continues – AfDB

He said the bank will continue its strong risk management policies and is positive the economies in sub-Saharan African will recover and return to positive growth.

AfDB’s Vice President for Finance and Chief Finance Officer, Swazi Tshabalala, said, “The strong support of our shareholders will continue to be critical to allow the Bank to continue to play its leading role in supporting development in Africa”.

The new triple-A rating from Fitch for the bank comes after an earlier triple-A rating from ratings agency, Standard and Poor.

 


Follow us for Breaking News and Market Intelligence.
Tags: African Development Bank’s (AfDB)Dr Akinwumi AdesinaFitch Ratings
William Ukpe

William Ukpe

For further inquiries about this article contact: Email: william.ukpe@nairametrics.com or outreach@nairametrics.com. Twitter: @_sirwilliam_ @nairametrics.

Related Posts

Wema bank
Financial Services

Fitch upgrades Wema Bank’s National Rating to A–(nga), outlook raised to positive 

June 13, 2025
Agriculture

World Food Prize Foundation appoints outgoing AfDB president Adesina to Council of Advisors 

June 11, 2025
AfreximBank approves $200 million finance facility to BUA Group for expansion projects 
Financial Services

Afreximbank disputes Fitch’s negative outlook, defends financial position in Africa 

June 10, 2025
Africa’s credit rating agency to launch in September as alternative to Fitch, Moody’s 
Economy

Africa’s credit rating agency to launch in September as alternative to Fitch, Moody’s 

June 9, 2025
Nigeria recommits to Africa’s development with fresh $500 million Trust Fund boost – Edun 
Economy

Nigeria recommits to Africa’s development with fresh $500 million Trust Fund boost – Edun 

May 30, 2025
Adverse effects of high-interest rate spreads on the Nigerian economy
Companies

Fitch upgrades Fidelity Bank’s National Rating to ‘A+(nga)’, affirms long-term IDR at ‘B’

May 30, 2025
Next Post
Minster for health, FG ignores travel ban calls despite Uganda, US, others move against coronavirus, FG reports 10 new cases of COVID-19, COVID-19: FG to inaugurate 18-man vaccine task team, , FG to establish responsive National Emergency Medical service and Ambulance System - Minister, Covid-19: Nigeria to receive 40 million vaccines by end of 2021- FG

Funding Nigeria’s healthcare infrastructure gap

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • FG terminates Levant Construction Ltd’s contract on Benin–Sapele–Warri Road project 
  • FG inaugurates expanded committee to propose building oversight law and address collapse crisis 
  • NITDA signs agreement with Japanese consortium to build Abuja startup hub  

Follow us on social media:

Recent News

FG terminates Levant Construction Ltd’s contract on Benin–Sapele–Warri Road project 

FG terminates Levant Construction Ltd’s contract on Benin–Sapele–Warri Road project 

June 19, 2025
FG inaugurates expanded committee to propose building oversight law and address collapse crisis 

FG inaugurates expanded committee to propose building oversight law and address collapse crisis 

June 19, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics