ACRA ASSIGNS A- TO BOND (KZX000001003) ISSUED BY EURASIAN DEVELOPMENT BANK, UNDER THE INTERNATIONAL RATING SCALE

Credit rating rationale. The bond issue is a senior unsecured debt instrument of Eurasian Development Bank (hereinafter, EDB or the Bank). Due to the absence of either structural or contractual subordination of the issue, ACRA ranks this bond as equal to other existing and future unsecured and unsubordinated debt obligations of EDB. According to ACRA's methodology, the credit rating of the issue is equal to the credit rating of EDB and determined at A- under the international rating scale.

The credit rating of the Bank is driven by its 'a-' standalone creditworthiness assessment under the international rating scale, which stems from strong capital adequacy, satisfactory risk profile, and adequate liquidity and funding positions. EDB’s shareholders are able to support the Bank’s operations.

key issue terms

Source: ACRA, issuer's data

REGULATORY DISCLOSURE

The credit rating was assigned under the international rating scale based on the Methodology for Assigning Credit Ratings to Financial Instruments under the International Scale and the Key Concepts Used by the Analytical Credit Rating Agency within the Scope of Its Rating Activities.

A credit rating has been assigned by ACRA to Bond (KZX000001003) issued by Eurasian Development Bank for the first time. The credit rating is expected to be revised within 182 days following the publication date of this press release as per the Calendar of sovereign credit rating revisions and publications.

The credit rating was assigned based on data provided by Eurasian Development Bank, information from publicly available sources, and ACRA’s own databases. The credit rating is solicited, and Eurasian Development Bank participated in its assignment.

In assigning the credit rating, ACRA used only information, the quality and reliability of which was, in ACRA’s opinion, appropriate and sufficient to apply the methodologies.

ACRA provided ancillary services to Eurasian Development Bank. No conflicts of interest were identified in the course of the credit rating assignment.