Chinese rating agency Dagong Global affirms the EDB’s international rating at “iBBB+” with a stable outlook
Moscow, 30 May 2023. Dagong Global Credit Rating Co., a Chinese rating agency, has affirmed the Eurasian Development Bank’s (EDB) long-term issuer credit ratings of “iBBB+” at the international scale and “AA+” at the national scale, both with a stable outlook.
The affirmation of the Bank’s credit ratings reflects its status as a major international development bank in the central region of the Eurasian continent and strong support from its member countries; continued good access to capital markets in multiple currencies, including U.S. dollars, Chinese yuan, and local currencies of the member countries, as well as loans from international banks; strong resilience to liquidity risks, including a highly liquid treasury portfolio and good liquidity coverage.
Dagong Global points that the EDB’s capability to meet its financial commitments is strong. The stable outlook reflects the agency’s view that the Bank’s liquidity will remain robust, and its member countries will maintain a high degree of willingness to support the EDB in the next one-two years.
Additional Information:
The Eurasian Development Bank (EDB) is an international financial institution investing in Eurasia. For 17 years, the Bank has worked to strengthen and broaden economic ties and foster comprehensive development in its member countries. The EDB's charter capital totals US $7 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 Media Centre:
Aigerim Akhanova, +7 701 328 38 98 (Almaty)