Xinhua, New York :
It is not surprising that the 18-month-old Asian Infrastructure Investment Bank (AIIB) obtained the highest level of credit rating from Moody’s Investors Service, an international trade expert said.
“This is no easy achievement especially given the short history since the establishment of this international institution,” Anthony Mak, director of Hong Kong Trade Development Council’s New York office, said in an interview with Xinhua on Friday.
“But given its strong balance sheet, with subscribed capital already larger than many other multinational development banks with much longer history, it is also not surprising to me that the AIIB wins such laurels,” said Mak.
On Thursday, Moody’s assigned the AIIB a long-term foreign currency issuer rating of Aaa and a short-term foreign currency issuer rating of Prime-1 with a stable outlook.
The credit rating agency attributed such high ratings to the strength of the bank’s governance frameworks, including its policies on risk management, robust capital adequacy and strong liquidity position.
It is not surprising that the 18-month-old Asian Infrastructure Investment Bank (AIIB) obtained the highest level of credit rating from Moody’s Investors Service, an international trade expert said.
“This is no easy achievement especially given the short history since the establishment of this international institution,” Anthony Mak, director of Hong Kong Trade Development Council’s New York office, said in an interview with Xinhua on Friday.
“But given its strong balance sheet, with subscribed capital already larger than many other multinational development banks with much longer history, it is also not surprising to me that the AIIB wins such laurels,” said Mak.
On Thursday, Moody’s assigned the AIIB a long-term foreign currency issuer rating of Aaa and a short-term foreign currency issuer rating of Prime-1 with a stable outlook.
The credit rating agency attributed such high ratings to the strength of the bank’s governance frameworks, including its policies on risk management, robust capital adequacy and strong liquidity position.
