Economic Cooperation Organization Trade and Development Bank – Ratings A ssign ed

Ref: TR 100 2 3 CRA00-01 2 9 Nov ember 2 02 4

Economic Cooperation Organization Trade and Development Bank – Ratings A ssign ed

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has assigned a first time Long-Term Foreign Currency Rating ( LT FCR ) and Short-Term Foreign Currency Rating ( ST FCR ) to Economic Cooperation Organization Trade and Development Bank (ETDB) of ‘BB’ and ‘B’, respectively. At the same time, CI Ratings has assigned to ETDB a Bank Standalone Rating ( BSR ) of ‘bb’, a Core Financial Strength ( CFS ) rating of ‘bbb-’, and an Extraordinary Support Level ( ESL ) of Moderate. The Outlook for the LT FCR and BSR is Stable .

Headquartered in Istanbul, ETDB is a regional multilateral development bank (MDB) that has a supranational status. The Bank was founded by Turkiye, Iran and Pakistan in 2005 to promote sustainable growth in the Economic Cooperation…