Economic Cooperation Organization Trade and Development Bank – Ratings Affirmed

31 October 2025

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

Headquartered in Istanbul, ETDB is a regional multilateral development bank (MDB) that has a supranational status. The Bank was founded by the major government shareholders – Türkiye, Iran and Pakistan – in 2005 to promote sustainable growth in the Economic Cooperation Organization (ECO) region through providing financial facilities for development projects and intra-regional trade. Six of the 10 ECO countries are…