S&P affirms EDB's ratings

Almaty, 17 January 2013. Standard & Poor’s affirmed Eurasian Development Bank’s (EDB) long-term and short-term ratings at BBB/A-2. This assessment was made based on a new methodology for rating multilateral financial institutions and the revised criteria adopted by S&P at the end of 2012.

In addition, the agency affirmed EDB’s ratings at ruAAA on Russia national scale and kzAA+ on Kazakhstan national scale.

All ratings have a stable outlook.

The agency notes that the ratings confirm the high capitalization and sufficient liquidity of EDB.

Additional Information

Eurasian Development Bank is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth and the expansion of mutual trade and other economic ties in its member states. EDB’s charter capital exceeds US $1.5 billion. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan. Read more at https://www.eabr.org.