S&P affirms EBRD

S&P said it affirmed its AAA long-term and A-1+ short-term issuer credit ratings on European Bank for Reconstruction and Development (EBRD).

The outlook is stable.

The agency said the ratings are based on EBRD's very strong business profile and extremely strong financial profile, and the aaa assessment of its stand-alone credit profile.

S&P said that although EBRD operates in some markets undergoing economic stress, such as Ukraine, Turkey and Russia, its asset quality and capital have continued to strengthen.

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