Fitch affirms NADB

Fitch Ratings said it affirmed North American Development Bank's (NADB) long-term issuer default rating at AA with a stable outlook.

The agency said the affirmation reflects Fitch's expectations that the company will maintain its excellent capitalization and medium risk profile over the forecast horizon.

Fitch also said the rating reflects the lower of its solvency assessment of aa+ and liquidity assessment of aaa, adjusted down by one notch from the solvency assessment to reflect its medium risk business environment, resulting in an overall intrinsic rating of aa.

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