The Development Bank of Rwanda has achieved a significant milestone by securing an AAA long-term domestic credit rating with a stable outlook, along with an A1+ short-term credit rating from Global Credit Rating Co.. This recognition positions BRD as the first financial institution in Rwanda to attain such prestigious ratings, underscoring its robust financial stability and pivotal role in the country’s socio-economic advancement.
The AAA rating reflects BRD’s strong financial foundation, backed by shareholder support, sound management practices, and its strategic importance in driving Rwanda’s development agenda. The stable outlook signals confidence in BRD’s ability to sustain its financial health and operational resilience over the long term. Meanwhile, the A1+ short-term rating highlights BRD’s solid liquidity position, demonstrating its capacity to efficiently meet short-term financial obligations.
GCR, an international rating agency based in South Africa, is known for its critical insights into credit across various sectors, and in 2024, it was fully acquired by Moody’s, further bolstering its global influence.
BRD’s Chief Executive Officer, Kampeta Sayinzoga, hailed the achievement as a validation of the bank’s financial strength and commitment to Rwanda’s development.
“This recognition enhances our capacity to mobilize resources both domestically and internationally, reinforcing BRD’s role in Rwanda’s economic transformation,” she stated.
BRD now stands alongside the Development Bank of Nigeria as one of the only Development Financial Institutions on the continent to receive a AAA rating from GCR, further solidifying its leadership in fostering sustainable development through innovative financing solutions.
