The China-backed Asian Infrastructure Investment Bank (AIIB) said on Thursday that it had received a top-notch credit rating from Moody’s, the rating agency that just downgraded China’s sovereign credit rating a month earlier.
The long-term foreign currency issuer rating of Aaa granted by Moody’s Investors Service will put the Beijing-based multilateral lender on par with the World Bank and the Asian Development Bank and pave the way for the bank to sell bonds to international investors.
Moody’s was the first major international rating agency to grant the “highest possible rating” to AIIB, although the rating agency angered Beijing last month by downgrading the country’s sovereign rating for the first time since 1989.
Tweets by ChinaUSFocus
