AIIB secures AAA rating from Fitch Ratings

The Asian Infrastructure Investment Bank (AIIB) has received its second Triple-A credit rating. Fitch Ratings announced it has assigned the AIIB its highest possible rating, Triple-A. This follows the decision by Moody’s last month to give the AIIB its highest possible rating.

Fitch said the AIIB’s ratings are based on “its existing and expected intrinsic strengths”.

“Created in 2015, AIIB has been endowed with a substantial capital base which, in Fitch’s view, will support the projected rapid expansion in lending; exposure to risk will be mitigated by a comprehensive set of policies and by high quality governance. AIIB enjoys an excellent level of liquidity and should benefit from easy access to capital markets.”

The AIIB has no domestic credit rating in China yet.

Sir Danny Alexander, Vice-President and Corporate Secretary of the AIIB, will join Asia House corporate members to discuss the UK’s role in the Chinese-led bank, and whether its commitment to such international organisations will waver post-Brexit.