Fitch assigns ‘BBB+’ rating to EDB’s euro medium term notes programme

By bne IntelIiNews March 19, 2021

Fitch Ratings has assigned the Russia and Kazakhstan-led Eurasian Development Bank's (EDB's) euro medium term notes (EMTN) programme a 'BBB+' rating. It has also assigned EDB's first euro-denominated bond issue under the programme (€300mn) a 'BBB+' rating.

The ratings are aligned with EDB's long-term issuer default rating (IDR) of 'BBB+' with a stable outlook.

Fitch affirmed the EDB's long term IDR at 'BBB+' with a stable outlook on November 25.

Related Articles

Russian state VTB Bank to divest non-core assets

Russia’s second-largest bank state-controlled VTB plans to divest non-core assets unrelated to banking operations within the next five years, according to Interfax citing the bank's CEO, ... more

Azerbaijani banks report mixed financial performance in Q1 2025

Azerbaijan’s leading commercial banks released their financial results for the first quarter of 2025, showing a mixed performance in profitability, digitalisation, credit growth and capital ... more

NLB to allocate €257mn in 2025 dividends after record 2024 performance

Slovenia’s largest banking group, NLB, announced on April 11 that it plans to distribute €257mn in dividends in 2025, following a record-breaking performance in 2024. The payout, representing ... more

Dismiss