Ratings agency S&P Global affirmed its ‘AAA/A-1+’ long- and short-term issuer credit assessment of the African Development Bank with a stable outlook.
Despite the ongoing crisis involving the institution’s president Adesina, the rating agency positively assessed the Bank’s strong financial risk profile, capital adequacy, funding, and liquidity. S&P highlights the AfDB’s extraordinary shareholder support and the adequacy of its governance and management.
Source : CNBC Africa
