ACRA affirms EDB credit ratings

ArmInfo.ACRA Rating agency affirmed the credit ratings of the Eurasian Development Bank (EDB) on the international scale at A-, to a outlook, and under the national scale at  AAA(RU), to a outlook; note rating - A-; bond ratings - AAA(RU).

According to the agency, EDB's credit rating on the international  scale at the A- level is determined by its own creditworthiness  assessment (SCA), which is due to strong capital adequacy, a  satisfactory risk profile, as well as an adequate funding and  liquidity position.

EDB's credit rating on the national scale for the Russian Federation  is set at AAA(RU), with a outlook, in accordance with the  Methodology for Mapping Credit Ratings Assigned on ACRA's  International Scale to Credit Ratings Assigned on ACRA's National  Scale for the Russian Federation.

Credit ratings of bond issues (RU000A101PK9, RU000A104TQ2,  RU000A1050H0, RU000A1057B8, RU000A105EV1, RU000A105KW6, RU000A105V90,  RU000A1064L3, RU000A106J X4) and notes (KZX000001003), which are EDB  senior unsecured debt instruments, were confirmed at AAA(RU) and A-  levels, respectively.

The EDB is an international financial organization established to  promote economic growth and expand trade and economic ties between  some of the CIS member countries that subsequently created the  Eurasian Economic Union (hereinafter referred to as the EAEU).  It  should be noted that during Armenia's membership in the EDB since  2009, 24 projects have been implemented here for a total of about  $508 million, 6 of them for $126 million in 2022 and 2023 in such  sectors as agriculture, energy and the financial sector. The main  share in the EDB portfolio is occupied by projects with an  integration effect in the areas of transport infrastructure, digital  systems, green energy, agriculture, industry and engineering. In its  activities, the Bank is guided by the UN Sustainable Development  Goals and ESG principles.