Fitch affirms Asian Development Bank

Fitch Ratings said it affirmed Asian Development Bank's long-term issuer default rating at AAA with a stable outlook.

“The affirmation reflects AsDB's intrinsic credit quality with solvency and liquidity both assessed at aaa,” the agency said in a news release.

Fitch said it deems the bank’s business environment as low risk, which would translate into a one-notch positive adjustment to the lower of Fitch’s liquidity and solvency assessments if either of these were to fall below aaa.

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