Moody's Investors Service confirmed the triple A rating of the African Development Bank (AfDB). The outlook remains stable.

The long term Aaa rating of the long term issuer and the senior unsecured rating of the African Development Bank is now confirmed. According to Moody's, key factors underpinning the assertion include strong capital buffers, combined with superior risk management that contain the challenges associated with low credit quality of development assets in a difficult operating environment. ; very good access to funding which supports the bank's ample liquidity cushion; and very strong support from regional and non-regional shareholders to support the development mandate of the African Development Bank.

In its statement, the rating agency said the stable outlook reflects expectations that the AfDB's capital and liquidity buffers will remain in line with those of its Aaa peers and that prudent risk management practices will keep assets not performing at low levels despite a challenging operating environment. The outlook is also based on expectations that the Bank's shareholders will continue to provide substantial support, through regular capital increases and, if necessary, support beyond contractual obligations.