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

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”).
S&P press releases are available here:

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

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

Fitch press releases are available here:

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

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

In its press release, JCR stated that NDB’s ‘AAA’ “rating mainly reflects the strong support the bank enlists from its member countries for its operations, its solid capitalization, its conservative risk management policies and its status as a preferred creditor.”

JCR press releases are available here:

ANALYTICAL CREDIT RATING AGENCY (JSC)
AAA Stable Outlook
International Scale Credit Rating
AAA(RU) Stable Outlook
National Scale Credit Rating

Analytical Credit Rating Agency (JSC) (“ACRA (JSC)”) assigned ‘AAA’ rating, outlook Stable, under the international scale and ‘AAA(RU)’, outlook Stable, under the national scale for Russia to the New Development Bank.

ACRA stated in its press release that the credit rating assigned to the NDB is primarily based on its very strong intrinsic financial strengths that stem from strong capital adequacy, a strong risk profile, strong liquidity and funding, as well as its systemic importance to the shareholder founding members that enhances the quality of commitments.

“The Bank’s management quality, strategy, and operational transparency are strong,” stated the rating agency.

ACRA press releases are 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

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:

Contact Us

For any investment-related queries, please reach out to funding@ndb.int

For any LIBOR Transition queries, please reach out to LIBOR-Transition@ndb.int

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