Fitch rates Eurasian Development Bank bonds BBB

Fitch Ratings said it assigned Eurasian Development Bank's RUB 5 billion bonds due 2018 a long-term rating of BBB.

The rating is in line with the bank's long-term issuer default rating of BBB, which is based on the credit standing of its main member countries, the Russian Federation and the Republic of Kazakhstan.

The ratings reflect the proven capacity of the bank, despite its short track record, to develop its operations while maintaining excellent asset quality, strong capitalization and a high level of liquidity, Fitch said.

Despite rapid lending growth since its creation, capitalization remains comfortable and provides headroom for operational developments, the agency said.

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