Creditreform Rating AG has revised its rating methodology for the rating of banks (Bank Ratings). Henceforth, only the revised version of the rating methodology ("Version 2.0") will be applied. Moreover, all current ratings of bank capital and unsecured bank instruments will be reviewed as part of our current monitoring and receive therefore the rating supplement "watch". Our revised rating methodology can be found at www.creditreform-rating.de.
Creditreform Rating has affirmed the rating of Agence Française de Développement at AA. The outlook is stable. The rating of Preferred Senior Unsecured Debt (after reclassification from Senior Unsecured Debt) was affirmed at AA.
Creditreform Rating has set the rating of Agence Française de Développement (Group) to AA, with stable outlook. Creditreform Rating has also determined the ratings of the debt classes as follows. The rating of the Senior Unsecured was set to AA.