IFAD gets credit rating in preparation for private placement issuance

Oats field agriculture from Adobe 13Jul20 575x375
By Lewis McLellan
02 Oct 2020

The International Fund for Agricultural Development has received a AA+ rating from Fitch, becoming the first UN fund to be rated. The move is a prelude to issuing private placements, according to IFAD treasurer Ben Powell.

“We’re not following [International Development Association] in terms of going straight to the public markets,” said Powell. “But we will have the ability to engage in private placements with private sector investors. Given our size, this is the first step, and a big one for us.”

IFAD does ...

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