We have revised our enterprise risk profile assessment for the Arab Bank for Economic Development in Africa (BADEA) to strong, reflecting a sharp increase in lending activities in recent years, the bank's growing importance as chair of the Arab Coordination Group (ACG) of lenders, and the central role it will play in deploying the ACG's planned $50 billion investment into sub-Saharan Africa in 2025-2030. The revision also reflects our view of strong shareholder support in case of need. The bank's financial risk profile remains extremely strong thanks to one of the highest RAC ratios of all MLIs that we rate, while asset quality has stayed relatively strong (despite its exposure to low-rated sovereigns). We therefore raised our long-term rating on
