Fitch affirms African Development Bank

Fitch Ratings said it affirmed the African Development Bank's long-term issuer default rating at AAA and short-term issuer default rating at F1+.

The outlook is stable.

The ratings reflect the support from its member countries, its strong capitalization and its conservative risk management policies, Fitch said.

The bank's 2010 capital increase will considerably improve the bank's lending headroom and allow it to maintain a sustained growth in loan disbursement in the coming years without affecting capitalization, the agency said.

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