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.
