S&P affirms Eurasian Development Bank

S&P said it affirmed its BBB-/A-3 long- and short-term issuer credit ratings on Eurasian Development Bank (EDB). The outlook remains stable.

At the same time, the agency affirmed its Kazakhstan national scale rating on EDB at kzAAA.

“Our ratings on EDB incorporate our view of the bank's financial profile as very strong and business profile as very weak. These assessments lead us to derive a stand-alone credit profile (SACP) of bbb-,” S&P said in a news release.

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