Fitch affirms Asian Development Bank

Fitch Ratings said it affirmed the Asian Development Bank's long-term issuer default rating at AAA with stable outlook and short-term issuer default rating at F1+.

The ratings reflect the bank's strong support from high-quality non-borrowing shareholders, comfortable capitalization and conservative financial and risk management policies, Fitch said.

The bank benefits from solid support from its 67 member countries, 48 of which are in the Asia Pacific region, the agency said. Fitch said it believes support would be granted if needed.

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