Safeguard Policy Statement & Strategy 2020 Midterm Review

Appendix 8: ADB's Shareholders - 31 December 2015 Year of REGIONAL MEMBERS Rating Rating Membership Year of Membership NON-REGIONAL MEMBERS Rating Year of Membership Afghanistan NR/NR 1966 Micronesia, Fed. States of NR/NR 1990 Austria Aa1/AA+ 1966 Armenia B1/NR 2005 Mongolia B2/B 1991 Belgium Aa3/AA 1966 Australia Aaa/AAA 1966 Myanmar NR/NR 1973 Canada Aaa/AAA 1966 Azerbaijan Ba1/BB+ 1999 Nauru NR/NR 1991 Denmark Aaa/AAA 1966 Bangladesh Ba3/BB- 1973 Nepal NR/NR 1966 Finland Aa1/AA+ 1966 Bhutan NR/NR 1982 New Zealand Aaa/AA 1966 France Aa2/AA 1970 Brunei Darussalam NR/NR 2006 Pakistan B3/B- 1966 Germany Aaa/AAA 1966 Cambodia B2/NR 1966 Palau NR/NR 2003 Ireland A3/A+ 2006 People's Republic of China Aa3/AA- 1986 Papua New Guinea B2/B+ 1971 Italy Baa2/BBB- 1966 Cook Islands NR/B+ 1976 Philippines Baa2/BBB 1966 Luxembourg Aaa/AAA 2003 The Netherlands Aaa/AAA 1966 Fiji B1/B+ 1970 Samoa NR/NR 1966 Georgia Ba3/BB- 2007 Singapore Aaa/AAA 1966 Norway Aaa/AAA 1966 Hong Kong, China Aa1/AAA 1969 Solomon Islands NR/NR 1973 Portugal Ba1/BB+ 2002 Spain Baa2/BBB+ 1986 India Baa3/BBB- 1966 Sri Lanka B1/B+ 1966 Sweden Aaa/AAA 1966 Indonesia Baa3/BB+ 1966 Taipei, China Aa3/AA- 1966 Switzerland Aaa/AAA 1967 Japan A1/A+ 1966 Tajikistan NR/NR 1998 Turkey Baa3/BB 1991 Kazakhstan Baa3/BBB- 1994 Thailand Baa1/BBB+ 1966 United Kingdom Aa1/AA 1966 Kiribati NR/NR 1974 Timor-Leste NR/NR 2002 United States Aaa/AA+ 1966 Republic of Korea Aa2/AA- 1966 Tonga NR/NR 1972 Kyrgyz Republic NR/NR 1994 Turkmenistan WR/NR 2000 Lao People's Democratic Republic NR/NR 1966 Tuvalu NR/NR 1993 Malaysia A3/A- 1966 Uzbekistan NR/NR 1995 Republic of the Maldives NR/NR 1978 Vanuatu NR/NR 1981 Marshall Islands NR/NR 1990 Viet Nam B1/BB- 1966 Note: Moody's and Standard & Poor's ratings are as of 28 July 2016. (Source: Bloomberg) 59

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