The Eurasian Development Bank (EDB) has received a first-time long-term credit rating of 'Ag' from Hong Kong-based China Chengxin Credit Ratings Company (CCXAP), with a stable outlook, the EDB said in a statement on August 10.

CCXAP said the rating reflected EDB's strategic position as a leading multilateral development bank in the region, its clear business strategy and prudent risk management, as well as its strong capital structure and liquidity, according to the statement.

The rating agency said EDB has a clear governance structure and well-defined strategic objectives, supported by a robust risk management framework and prudent risk appetite, the statement noted. The bank has also consistently met its internal targets.

EDB's usable equity provided coverage of 42.3% of risk-weighted assets at the end of 2025, based on CCXAP's calculations. The agency said the bank's equity has increased steadily through accumulated profits and capital injections following the accession of new member states.

The bank also has $6.3bn in callable capital, which CCXAP said demonstrates strong contractual support from EDB's shareholders.

The rating incorporates CCXAP's assessment that member states have a high likelihood of providing extraordinary support to the bank, citing EDB's policy role in regional economic and trade development, significant ownership by its founding members and its record of receiving contractual support.

However, CCXAP said shareholder support has a limited effect on the final rating because EDB's fundamental strength rating is higher than the weighted median credit rating of its shareholders.

The stable outlook reflects expectations that EDB will maintain its regional position and financial profile, while the operating environment and creditworthiness of major member countries remain stable over the next 12 to 18 months.

EDB said the rating would support development of its operations in Asian capital markets, including Hong Kong. By the end of December 2025, the bank's cumulative portfolio comprised 348 projects with total investment of $22.1bn, covering transport infrastructure, digital systems, green energy, agriculture, manufacturing and mechanical engineering.