Fitch Ratings on Sept. 3 revised the outlook on the long-term issuer default rating of Banque de Développement du Conseil de l'Europe, or Council of Europe Development Bank, to positive from stable, and affirmed the rating at AA+.
The outlook revision reflects the agency's assessment of an improvement in the France-based development bank's solvency metrics alongside its "strong" capitalization and "excellent" loan book with no nonperforming loans. The bank's solvency and liquidity are assessed at "aa-" and "aaa", respectively, the agency said.
Fitch revised the bank's capitalization assessment to strong from moderate following the introduction of the agency's usable capital to risk-weighted assets ratio as per the latest Supranationals Rating Criteria.
