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African Development Bank Sep 11
Standard & Poors, Sep 2011
Abstract
Strong liquidity and capital position. Prudent financial management and policies. Strong support from members, including 11 'AAA' rated countries, contributing Special Drawing Rights 6.9 billion in callable capital. Relatively risky loan portfolio with nonperforming loans larger than those of multilateral peers. The inability of the governments of most African countries to borrow from the bank. The ratings on African Development Bank (AFDB) are based on its strong liquidity and capital position, prudent financial management and policies, and strong support from its members, which include 11 'AAA' rated countries, and which contribute Special Drawing Rights (SDR, international foreign exchange reserve assets, allocated by the International Monetary Fund) 6.9 billion in callable capital. These factors offset the bank's relatively risky loan portfolio...
Companies mentioned in this report are: African Development Bank
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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