Moody's rates Eurasian Development bonds Baa1

Moody's Investors Service said it assigned a rating of Baa1 to the senior unsecured, Kazakhstani tenge-denominated notes with a three-year maturity issued by the Eurasian Development Bank under its tenge bond program.

“The rating mirrors EDB's long-term issuer rating of Baa1,” Moody’s said in a press release.

EDB intends to use the proceeds to finance eligible green projects under its green and social debt instruments framework, including renewable energy, energy efficiency and sustainable water management projects.

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