The international rating agency Standard & Poor’s has upgraded Eurasian Development Bank’s (EDB), https://acf.eabr.org/eng/projects/, short-term foreign currency rating to A-2 and affirmed its long-term foreign currency rating at BBB.

In addition, the agency affirmed EDB’s Russian and Kazakh national scale ratings at ruAAA and KzAA+ respectively. The outlook is stable.

The agency says that these ratings confirm EDB’s very high capitalisation and adequate liquidity. These indicators confirm that the Bank has significant support from its members.