{"id":479303,"date":"2024-05-24T13:37:12","date_gmt":"2024-05-24T13:37:12","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=479303"},"modified":"2024-05-24T13:37:16","modified_gmt":"2024-05-24T13:37:16","slug":"moodys-ratings-upgrades-badea-to-aa1-from-aa2-reflecting-an-enhanced-capital-position-improving-asset-performance-strengthening-liquidity-profile-extraordinary-shareholder-support","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2024\/05\/24\/moodys-ratings-upgrades-badea-to-aa1-from-aa2-reflecting-an-enhanced-capital-position-improving-asset-performance-strengthening-liquidity-profile-extraordinary-shareholder-support\/","title":{"rendered":"Moody\u2019s Ratings upgrades BADEA to Aa1 (from Aa2) reflecting an enhanced capital position, improving asset performance, strengthening liquidity profile &#038; extraordinary shareholder support"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>\n<p>The Arab Bank for Economic Development in Africa (BADEA) has been upgraded by Moody\u2019s Ratings to Aa1 \/ Stable outlook (from Aa2\/Positive Outlook).<\/p>\n\n\n\n<p>The rating upgrade reflects BADEA\u2019s robust capital buffers and very low leverage as well as continuously strengthening asset quality with only 0.51% NPLs. The very low NPLs ratio has been achieved and maintained despite a very challenging environment in Sub Saharan Africa (SSA) where the bank provides all its policy lending. The shareholder countries of BADEA (Arab countries) do not benefit from the lending operations of the bank due to its institutional governance structure.<\/p>\n\n\n\n<p>The upgrade also reflects BADEA \u2019s improving liquidity profile and funding franchise. The ratio of highly rated liquid assets relative to net cash out flows over the coming 18 months improved from 126% in 2022 to 190% in 2023 and peaked to 250% in Q1 2024 following additional liquidity from bonds issuance.<\/p>\n\n\n\n<p>The bank\u2019s funding franchise has benefitted from successful establishment of a Euro Medium Term Note Programme, and a Sustainable Financing Framework followed by the inaugural issuance in Q1 2024 of a Eur 500 Mn Social Bond under the program. The bank plans to be a regular benchmark issuer in the debt markets.<\/p>\n\n\n\n<p>BADEA also recently amended its Articles of Establishment which was unanimously adopted by all shareholders with several updates \u2013 particularly the contractual formalization of USD 5Bn callable capital into the capital structure of the bank. This, in addition to prompt operational support during the bank\u2019s recent relocation demonstrates strong shareholder support.<\/p>\n\n\n\n<p>\u201cThis upgrade to Aa1 puts us in an even stronger position to raise funds at highly competitive rates and will significantly expand our capacity to continue channelling resources towards priority sectors in Sub Saharan Africa. However, as the bank marks 50yearsofimpactfuloperationsin Africa,our workisnotcomplete, and thisonly marks a new beginning. As shareholders \u2013 we remain committed to further strengthening BADEA\u2019s credit and business profile into the top-tier of benchmark development institutions globally\u201d said <strong>H.E. Dr. Fahad Aldossari, <\/strong>BADEA\u2019s Board Chairman.<\/p>\n\n\n\n<p><strong>H.E. Dr. Sidi Ould Tah, BADEA\u2019s President <\/strong>said \u201cThe Aa1 rating recognises BADEA\u2019s extraordinary capital and liquidity position, as well as asset performance in the most challenging of credit conditions. The stable outlook reflects the sustained strengthening of our institutional capabilities. The team are justly proud of this exceptional achievement, which would not have been possible without the trust and extraordinary support that we have consistently received from our shareholders over the last five decades that BADEA has been operating in Africa\u201d.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>The Arab Bank for Economic Development in Africa (BADEA) has been upgraded by Moody\u2019s Ratings to Aa1 \/ Stable outlook (from Aa2\/Positive Outlook). The rating upgrade reflects BADEA\u2019s robust capital buffers and very low leverage as well as continuously strengthening asset quality with only 0.51% NPLs. The very low NPLs ratio has been achieved and<\/p>\n","protected":false},"author":527180,"featured_media":475481,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12040],"tags":[12152,20932],"class_list":{"0":"post-479303","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-international-institutions","8":"tag-badea-en","9":"tag-moodys-2","10":"post_format-post-format-aside","11":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Moody\u2019s Ratings upgrades BADEA to Aa1 (from Aa2) reflecting an enhanced capital position, improving asset performance, strengthening liquidity profile &amp; extraordinary shareholder support - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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