Chinese rating agency CCXI affirms the EDB’s issuer credit ratings at AAA on the local scale and A-g on the global scale with upgraded standalone fundamental strength assessment
Almaty, 8 September 2025. Leading Chinese rating agency China Chengxin International Credit Rating Co., Ltd (CCXI) has affirmed issuer credit ratings of the Eurasian Development Bank (EDB) at the highest AAA on the local scale and A-g on the global scale with a stable outlook.
At the same time, according to CCXI, the assessment of the EDB's standalone fundamental strength has been upgraded from BBB+g to A-g thanks to improvement in the operating environment and the Bank's increased profitability.
In CCXI’s opinion, the EDB is the leading multilateral development institution in the region with clear strategic positioning and ability to achieve set strategic goals. The Bank’s capital position is very strong with the ratio of risk-weighted assets to equity being very high, and the debt-to-equity ratio being very low. The EDB shows consistent profitable results. The Bank has a comprehensive risk management system and a prudent risk appetite, which result in the absence of NPLs. Its current investment portfolio is mainly focused on the Central Asia, with the highest share of projects in Kazakhstan. The EDB exercises prudent liquidity management, and its current liquid assets fully cover its short-term liabilities. In recent years, the Bank has further expanded its funding sources by deepening access to the debt capital markets of its member states through new instruments and currencies, as well as by entering new financial markets, including the UAE and China. In addition, the Bank has diversified sources of funding in RMB.
CCXI notes that the shareholders’ current support and their willingness to further support the Bank are very strong, while the member-states’ ability to support the Bank is moderate. The EDB's standalone fundamental stability assessment is higher than the credit ratings assigned by CCXI to its major member-states, which results in no additional impact on the Bank's overall credit rating.
Additional Information:
The Eurasian Development Bank (EDB) is a multilateral development bank investing in Eurasia. For more than 19 years, the Bank has worked to strengthen and expand economic ties and foster comprehensive development in its member countries. By july 2025, the EDB’s cumulative portfolio comprised 319 projects with a total investment of US $19,1 billion. Its portfolio consists principally of projects with an integration effect in transport infrastructure, digital systems, green energy, agriculture, manufacturing and mechanical engineering. The Bank adheres to the UN Sustainable Development Goals and ESG principles in its operations.
The EDB is implementing three mega-projects as part of its 2022–2026 Strategy: the Eurasian Transport Network, the Eurasian Agricultural Goods Distribution System and the Central Asian Water and Energy Complex.
The EDB Media Centre:
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