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China-Backed AIIB Receives Moody’s Highest Credit Rating
June 30, 2017
Bond Credit Rating Business of Moody’s Corporation Moody’s Investors Service has given Asian Infrastructure Investment Bank (AIIB) a triple-A rating, which is the highest possible rating. The reason behind rating was AIIB’s strong policies on liquidity, capital adequacy, etc.
According to Moody’s AIIB is likely to attain a liquidity position comparable to other top-rated MDBs (Multilateral Development Banks), granted its risk management processes improve with its counterparts.
AIIB has 80 member countries and is estimated to offer $26 trillion in funding for development projects in Asia.
