July 26, 2022
Fitch Upgrades North American Development Bank to 'AA+'; Outlook Stable
Fitch revised its assessment of shareholders' capacity to support the bank to 'aaa' from 'aa+', as callable capital from the United States (AAA/Stable) now fully covers NADB's net debt. Support capacity and a stable US sovereign outlook are key drivers of the rating.
To read Fitch's report related to NADBank’s credit rating, please click here
NADBank is a financial institution established and capitalized in equal parts by the United States and Mexico for the purpose of financing environmental infrastructure projects along their common border. As a pioneer institution in its field, the Bank is working to develop environmentally and financially sustainable projects with broad community support in a framework of close cooperation and coordination between Mexico and the United States. For more information about NADBank, visit www.nadb.org.