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Fitch rates Asian Development Bank bonds AAA
Fitch Ratings said it assigned a long-term rating of AAA to Asian Development Bank's five-year senior unsecured bonds of about MYR400 million due 2009.
Fitch said the rating reflects Asian Development Bank's high-quality shareholders, its protection against credit risk originating from its preferred creditor status and its conservative financial policies.
Like other multilateral development banks, S&P said Asian Development Bank's portfolio consists mainly of loans to public entities in countries with low credit quality.
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