Fitch affirms Asian Development Bank

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

The ratings reflect the bank's strong support from high-quality non-borrowing shareholders, the excellent historical performance of its loan book and its conservative financial policies, Fitch said.

Considering the bank's importance in the economic development of the region and the shareholders' creditworthiness, Fitch said it deems support would be provided if needed.

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