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Brics bank gets highest rating from Japan Credit Agency

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The agency has rated the New Development Bank AAA with a stable outlook, citing the Bank’s well managed risk profile

The flags of Brics nations China, SA, India, Brazil and Russia. Picture: AFP

JCR gave the NDB the rating on Tuesday, citing high-quality risk management and liquid assets sufficient to cover a year of liquidity requirements. JCR said, however, that as many of the infrastructure projects handled by NDB are of a large size, it is important for the bank to establish co-operation on co-finance with other financial institutions.

The NDB has three projects in SA related to environmental protection and renewable energy, with loans to SA totaling $1.4bn as of April 2019.

 

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