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Finance

AIIB hopes to win international credit rating by end of third quarter

Chinese-led bank moving closer to issuing its own bonds

SHOTARO TANI, Nikkei staff writer | China

YOKOHAMA -- The Asian Infrastructure Investment Bank hopes to obtain an international credit rating by the end of the third quarter of this year, a move which will take it a step closer to being able to issue bonds.

"We recently finished talking to the international credit rating agencies," Soren Elbech, the director general and treasurer of AIIB, who joined the bank in December last year, told Nikkei Asian Review on Wednesday. "We have a clear expectation to be rated before the end of the third quarter this year." He added that the bank expects to obtain "the highest rating that we can achieve," given its financial and business profile.

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