Moody’s affirms NADB

Moody's Investors Service said it affirmed the North American Development Bank's Aa1 long-term issuer and senior unsecured ratings.

NADB's short-term issuer rating was also affirmed at Prime-1.

The outlook remains stable.

The agency said the key drivers behind the affirmation are the bank’s high capitalization and low leverage, high liquidity buffers, and high strength of member support.

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