The African Development Bank (AfDB) retains its triple A with the Japan Credit Rating Agency (JCR). The agency confirmed this rating with a stable outlook on Friday September 3, 2021.

After Standard and Poor's, Moody's and Fitch, the Japanese Credit Rating Agency confirmed the African Development Bank's long-term AAA rating, with a stable outlook. The JCR agency commended the Bank for its strong support to its member countries, as evidenced by the seven general capital increases carried out to date. According to Bajabulile Swazi Tshabalala, Vice President of Finance and Chief Financial Officer of the AfDB Group, the ratings of the Japan Credit Rating Agency reflect the prudent risk management policies, solid financial performance and strong support benefits the Group from these members. Although the Bank's capital investment remained limited in volume, its risks increased due to the impact of the Covid-19 pandemic. According to JCR, the African Development Bank reacted quickly to cushion the impact of the pandemic on its member countries by establishing a Covid - 19 Response Fund.

By the end of 2020, JCR notes, the Bank had complied with nearly all of its internal prudential regulations on lending, equity participation, use of venture capital, borrowing and liquidity. The Bank 's risk capital utilization ratio was close to the upper limit defined by its internal regulations, mainly due to the increased risks associated with its loan and investment exposures. The Agency believes that the Bank will continue to comply with the regulations as it has taken corrective measures including a special temporary capital increase due in March 2021 and an optimization of its asset portfolio, and that progress is being made. made in debt settlement.