S&P ups Eurasian Development Bank view to stable

S&P said it revised its outlook on Eurasian Development Bank to stable from negative and affirmed its BBB-/A-3 long- and short-term foreign currency issuer credit ratings on the bank.

At the same time, S&P affirmed the Kazakhstan national scale rating on EDB at kzAA and the Russia national scale rating at ruAAA.

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

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