(MENAFN) On Friday, Fitch Ratings stated that it admitted the Asian Development Bank's (AsDB) credit rating at 'AAA' with a steady forecast.
The global rating agency stated that AsDB's business environment is unaffected at small threat, pointing that the bank's policy reply to the coronavirus epidemic has been one of the biggest between many-sided development banks.
The agency cautioned, however, cautioned that a bigger than anticipated expansion in the bank's lending actions, or a big rise in loan impairments, could cause negative rating operations.
The agency also stated that a noteworthy decline in the bank's risk profile, or a large decrease in the bank's liquid assets to short-term debt ratio, could also result in a downgrade.
Built 58 years ago, AsDB sponsors social and financial development in Asia and it has 68 member nations.
The US and Japan have the biggest percentage of capital in the bank with 15.5 percent each, as of the end of 2020.
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