Investor Relations

Building Sustainable Future

S&P GLOBAL RATINGS
AA+ Stable Outlook
Long-Term Issuer Credit Rating
A-1+ Stable Outlook
Short-Term Issuer Credit Rating

August, 29 2018, S&P Global Ratings (“S&P”) assigned its ‘AA+’ long-term and ‘A-1+’ short-term issuer credit ratings with a stable outlook on New Development Bank (“NDB”).

In its press release S&P stated, “The ratings reflect our opinion that NDB will establish itself as a catalyst in reducing the infrastructure deficits faced by its BRICS members.” S&P assessed NDB’s business profile as strong and financial profile as extremely strong reflecting its robust capitalization and ample liquidity. S&P acknowledged robust shareholder support as a key rating factor underpinning its assessment of NDB’s strong business profile. S&P assessed NDB’s risk management policies as sound and similar to its highly rated peers.

S&P press releases are available here:

FITCH RATINGS
AA+ Stable Outlook
Long-Term Issuer Default Rating
F1+ Stable Outlook
Short-Term Issuer Default Rating

August, 3 2018, Fitch Ratings (“Fitch”) assigned New Development Bank (“NDB”) a Long-Term Issuer Default Rating (IDR) of ‘AA+’ with a Stable Outlook. Fitch has also assigned NDB a Short-Term IDR of ‘F1+’.

Fitch stated in its press release that NDB’s AA+ rating is driven by the intrinsic features, based on Fitch’s long-term projections. Fitch considers NDB’s capitalization as “excellent” and risk profile as “low”. Fitch assesses NDB’s risk management policies as “strong”, mainly reflecting the bank’s self-imposed prudential rules, primarily on the capitalization and liquidity fronts.

Fitch press releases are available here:

JAPAN CREDIT RATING AGENCY
AAA Stable Outlook
Long-Term Issuer Credit Rating
   
   

August, 20 2019, Japan Credit Rating Agency, Ltd. (JCR) assigned ‘AAA’ long-term issuer ratings with a stable outlook to the New Development Bank (“NDB”).

In its press release JCR stated that NDB’s ‘AAA’ rating is based on its appraisal of the strong support for the Bank’s operations by the member countries, the NDB’s solid capital base and conservative risk management framework to ensure financial soundness, and the preferred creditor status enjoyed by the Bank. “JCR believes that the NDB will adequately fulfill its role as an MDB set up for emerging countries by emerging countries,” stated the rating agency.

JCR press release is available here.

CHINA CHENGXIN INTERNATIONAL CREDIT RATING CO LTD
AAA Stable Outlook
Local Currency Issuer Rating
CHINA LIANHE CREDIT RATING CO LTD
AAA Stable Outlook
Long-Term Local Currency Issuer Rating

July 13, 2016 China Chengxin International Credit Rating Co. Ltd (“CCXI”) and China Lianhe Credit Rating Co., Ltd. (“Lianhe Ratings”) assigned NDB a Local Currency Issuer Rating of ‘AAA’ with a Stable Outlook.

According to the two leading Chinese rating agencies, NDB’s main credit strengths are:

  • Strong shareholder support and timely contribution of paid-in capital
  • Sound management, governance standards, and prudent risk management framework
  • Clear development strategy,
  • High quality of the loan portfolio and very low risk of default,
  • Significant amount of paid-in capital and strong ability of fund raising,
  • Rapid growth guaranteed by robust demand for financing of infrastructure and sustainable development projects in member countries.

CCXI press releases are available here:

Lianhe Ratings press releases is available here:

2019 Renminbi Bond (Series 1) (Bond Connect)
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