S&P affirms Eurasian Development Bank

S&P said it affirmed its long- and short-term foreign currency issuer credit ratings on Eurasian Development Bank at BBB-/A-3.

The outlook is stable.

At the same time, the agency affirmed the bank’s Kazakhstan national scale rating at kzAA.

S&P said its measure of the bank’s risk-adjusted capital ratio has increased over the past 12 months, thanks to the bank's return to profitability.

This improvement was offset by the bank's failure to achieve its current investment portfolio growth targets, which has pressurized the bank’s policy importance, the agency added.

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