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Friday, 10 August 2018 15:39

Fitch gives BRICS bank AA+ credit rating Featured

Written by GEGAfrica
Fitch gives BRICS bank AA+ credit rating photo © New Development Bank

Fitch Ratings has assigned BRICS’s New Development Bank a long-term issuer default rating of ‘AA+’ with a stable outlook and a short-term issuer default rating of ‘F1+’. 

The agency considers NDB’s capitalisation as excellent and risk profile as low. It assesses the bank’s risk management policies as strong, mainly driven by the self-imposed prudential rules by which the bank abides, primarily on the capitalisation and liquidity fronts.

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