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Tuesday, August 3, 2021
Fitch Affirms New Development Bank at 'AA+'; Outlook Stable
Fitch Ratings has affirmed New Development Bank's (NDB) Long-Term Issuer Default Rating (IDR) at 'AA+' with a Stable Outlook. Fitch has also affirmed NDB's Short-Term IDR at 'F1+'
The agreement on establishing the BRICS New Development Bank was reached on July 15, 2014, in Brazil’s Fortaleza
The New Development Bank has played a key role in supporting Brazil, Russia, India, China and South Africa (Brics) through the pandemic. It is also expected to continue playing an integral role in helping to resolve the economic challenges arising from the Covid-19 pandemic and other developmental challenges in the Global South
Bangladesh has called on the New Development Bank (NDB) to expedite awarding its membership of the Shanghai-based multilateral lending institution, officials said
The seminar, as part of the economic and financial cooperation agenda under the Indian BRICS chairship 2021, is being organised in the run-up to the 13th BRICS Summit to be held later this year
The New Development Bank (NDB) has accelerated the approval of loans for Brazil after having established a physical presence in the country
The New Development Bank (NDB) priced its 5-year USD 1.5 billion benchmark bond. This transaction is the third USD benchmark bond offering of the Bank in the international markets