Eurasian Development Bank – First Time Ratings Assigned with a Stable Outlook

9 June 2026

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has assigned a first time Long-Term Foreign Currency Rating (LT FCR) and a Short-Term Foreign Currency Rating (ST FCR) to Eurasian Development Bank (EDB or the Bank) of ‘BBB’ and ‘A2’, respectively. At the same time, CI Ratings has assigned to EDB a Bank Standalone Rating (BSR) of ‘bbb’, Core Financial Strength (CFS) rating of ‘bbb’ and Extraordinary Support Level (ESL) of Moderate. The Outlook for the LT FCR and BSR is Stable.

EDB’s LT FCR is set at the same level as the Bank’s BSR. There is no uplift for the LT FCR despite an ESL of Moderate, because the BSR is higher than the estimated average credit strength of the Bank’s shareholders (the member states). Nevertheless, the member states exhibit willingness to provide extraordinary support to EDB if needed by committing to a high level of callable capital. The BSR is derived from a CFS rating of ‘bbb’ and an…