Thursday, June 30, 2016

Fitch Revises IFFIm's Outlook to Negative; Affirms at 'AA'

(The following statement was released by the rating agency)

PARIS/LONDON, June 30 (Fitch) Fitch Ratings, London, 30 June

2016: Fitch Ratings

has revised International Finance Facility for Immunisation's

(IFFIm) Outlook to

Negative from Stable and affirmed the Long-Term Issuer Default

Rating (IDR) at

'AA'. The Short-Term IDR has been affirmed at 'F1+'. IFFIm's

senior unsecured

notes are also affirmed at 'AA'.

KEY RATING DRIVERS

The revision of the Outlook has been prompted by Fitch's

downgr

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