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Ratings Agency Gives AfDB Thumbs Up

Rating agency Standard and Poor's has positively assessed African Development Bank's (AfDB) strong financial risk profile, very strong capital adequacy, strong funding and liquidity, extraordinary shareholder support and adequacy of its governance and management, writes Zakariyaa Adaramola in Daily Trust. The bank  has received a AAA/A-1+ rating, much to the delight of its president, Akinwumi Adesina. 

InFocus

African Development Bank (AfDB) president Akinwumi Adesina (file photo).

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