Standard & Poor's Confirms Eurasian Development Bank Ratings

Almaty, October 12, 2017. The international rating agency Standard & Poor's has affirmed long-term and short-term foreign currency ratings of the Eurasian Development Bank (EDB) at the level of BBB-/A-3.  

The agency has also affirmed the EDB's Kazakhstan national scale rating at kzAA.

The outlook is stable.

The agency notes that the rating action reflects a (risk-adjusted) capital ratio improvement over the last 12 months as the Bank recovers its profitability. Credit portfolio growth prospects have also been considered.

Additional Information:

Eurasian Development Bank (EDB) is an international financial institution founded by Russia and Kazakhstan in January 2006 to promote development of market economies of its member states, and secure their sustainable economic growth and expansion of their mutual trade and economic ties. The charter capital of the EDB is US$ 7 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.

EDB Media Center: +7 (727) 244 40 44, ext. 6147 (Almaty)
+7 (495) 645 04 45, ext. 2732 (Moscow)
e-mail: pressa@eabr.org