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Asian Development Bank Dec 08
Standard & Poors, Dec 2008
Abstract
Conservative financial policies Solid financial profile Strong shareholders' support Inherent credit risk as a multilateral financial agency lending to countries with relatively low sovereign credit ratings The issuer credit ratings on Asian Development Bank (AsDB) reflect the bank's solid financial profile, conservative financial policies, and strong shareholders' support. Founded in 1966, AsDB promotes the economic and social development of its members in the Asia-Pacific region through loans, technical assistance, equity investments, grants, and guarantees. As of Dec. 31, 2007, 48 members from the Asia-Pacific region owned 63.4% of the bank, and 19 nonregional members owned 36.6%. The largest shareholders are Japan (AA/Stable/A-1+) and the U.S. (AAA/Stable/A-1+), each with 15.6% of capital (and 12.8% of the voting power). The bank continues...
Companies mentioned in this report are: Asian Development Bank,Australia (Commonwealth of) (Unsolicited Ratings),New Zealand,Japan (Unsolicited Ratings),Malaysia,Thailand (Kingdom of),United States of America (Unsolicited Ratings),India (Republic of) (Unsolicited Ratings),China (People's Republic of ),Indonesia (Republic of),Philippines (Republic of the),Pakistan (Islamic Republic of),Georgia (Government of)
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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