S&P Affirms Ratings Of Eurasian Development Bank, Outlook Stable
S&P Global Ratings revised the outlook on Kazakhstan-based Eurasian Development Bank to stable from negative, while affirming its BBB-/A-3 long- and short-term foreign-currency issuer credit ratings, “kzAA” Kazakhstan national scale rating and “ruAAA” Russia national scale rating.
Eurasian Development Bank operates as an international financial organization. Its principal activities include lending and operations with securities and foreign currencies. The company provides investment and financing services for infrastructure development projects, such as transport, power supply, telecommunications, and municipal projects; the development of value added production; and energy efficiency programs in member states, such the Russian Federation, the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, and the Republic of Tajikistan. It also offers loans and debt financing to private and public entities; and investment consulting services, and other financial instruments, as well as invests in the equity. Eurasian Development Bank was founded in 2006 and is headquartered in Almaty, the Republic of Kazakhstan.