Empowering Nations Through Innovation and Sustainability

Credit Ratings Rating Agency Long-Term Short-Term Outlook Rating Drivers International Credit Ratings Robust capitalisation endowed with large subscribed and paid- in capital S&P Global Ratings AA+ A-1+ Stable Ample liquidity Fitch Ratings AA+ F1+ Negative Japan Credit Rating Agency AAA Stable Strong access to capital markets for funding needs Extraordinary shareholders' support and commitment Systemic importance to founding members Analytical Credit Rating Agency AAA Stable Sound and prudent risk management, reflected in the bank's self-imposed prudential rules Domestic Credit Ratings China Chengxin International Credit Rating AAA Stable • China Lianhe Credit Rating AAA Stable Very strong level of aggregated expertise and seniority of the bank's management team Significant growth potential, robust demand for financing of infrastructure and sustainable development projects in member countries Analytical Credit Rating Agency AAA(RU) Stable • Strong preferred creditor status Note: S&P ratings affirmed on February 26, 2021. Fitch ratings affirmed on March 17, 2022, outlook negative. JCR rating affirmed on September 18, 2020. ACRA ratings affirmed on November 23, 2021. China Chengxin rating affirmed on July 30, 2021. China Lianhe rating affirmed on July 28, 2021 © 2021 New Development Bank New Development Bank 16

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