Moody's Eurasian Development notes Baa1

Moody's Investors Service said it assigned a Baa1 rating to the senior unsecured, Kazakhstani tenge-denominated notes with a three year tenor to be issued by the Eurasian Development Bank under its $3.5 billion euro medium-term note 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 its lending activities and for general corporate purposes.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.