The international rating agency Moody's Investor Service confirmed, at the end of October, the "AAA" rating of the long-term debt of the  African Development Bank ( www.AfDB.org ), with a stable outlook.

"The credit profile of the Afadian Development Bank is based on strong capital buffers and high-quality risk management capable of limiting them," the New York agency said in its annual credit analysis note dated October 27, 2020.

"An adequate liquidity reserve and free access to international capital markets also strengthen its ability to service its debt," added Moody's. "In addition, the bank, as the leading development institution in Africa, benefits from a long experience and the ability and willingness of its shareholders to support its development objectives, perfectly illustrated by the importance of the contributions of non-regional member countries with a high rating."

"The "AAA" rating of Moody's confirms the soundness of the Bank's prudent financial and risk management policy and its governance framework, even in the face of the difficult conditions imposed by the Covid-19 pandemic", said Akinwumi Adesina, President of the  African Development Bank. "The exceptional support of the Bank's shareholders strengthens our ability to finance African countries. We will continue to manage risks and capital needs appropriately to help countries on the continent rebuild their economies better and faster, while ensuring economic, health and climate resilience."

"Thanks to the strong support of its shareholders and its solid financial profile, the Afarching Development Bank is rated 'AAA' with a stable outlook by all major international rating agencies," said Bajabulile Swazi Tshabalala, Acting Senior Vice President, Vice President in charge of Finance and Chief Financial Officer of the  African Development Bank.

The financial rating confirmed by Moody's echoes the previous assertions of the Bank's AAA rating with stable outlook by the other major international rating agencies, namely Fitch Ratings, Standard and Poor's Global Ratings and the Japan Credit Rating Agency edict.

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