Fitch Ratings has assigned the Asian Infrastructure Investment Bank (AIIB) a Long-Term Issuer Default Rating (IDR) of 'AAA' and a Short-Term IDR of 'F1+'. The Outlook is Stable.
The ratings of AIIB are based on its existing and expected intrinsic strengths. AIIB has been endowed with a substantial capital base which, in Fitch's view, will support the projected rapid expansion in lending; exposure to risk will be mitigated by a comprehensive set of policies and by high quality governance.
AIIB was created in 2015. Authorized capital makes up $100 billion. The biggest shareholders are China (26.06%), india (7.5%) and Russia. Currently, the bank has 57 members.
Azerbaijan joined the bank on July 24, 2016. Azerbaijan’s participation share is 0.2732% ($254.1 million).
AIIB made a decision to allocate $600 million to TANAP.
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