ACRA ASSIGNS AAA(RU) TO THE 003P-005 SERIES (RU000A105KW6) BOND ISSUED BY EURASIAN DEVELOPMENT BANK

Credit rating rationale. The issue represents senior unsecured debt of Eurasian Development Bank (hereinafter, EDB). Due to the absence of either structural or contractual subordination of the issue, ACRA regards it as equal to other existing and future unsecured and unsubordinated debt obligations of EDB in terms of priority. According to ACRA’s methodology, the credit rating of the issue is equivalent to that of EDB, i.e. AAA(RU).

The credit rating of EDB is A- under the international scale based on the standalone creditworthiness assessment (SCA) of EDB (a-), which stems from strong capital adequacy, a satisfactory risk profile, and an adequate liquidity and funding position.

EDB’s credit rating is AAA(RU), outlook Stable, under the national scale for the Russian Federation as per the Methodology for Mapping Credit Ratings Assigned on ACRA’s International Scale to Credit Ratings Assigned on ACRA’s National Scale for the Russian Federation.

Key issue properties

Sources: ACRA, issuer’s data

Regulatory disclosure

The credit rating has been assigned under the national scale for the Russian Federation based on the Methodology for Assigning Credit Ratings to Financial Instruments under the National Scale for the Russian Federation, Methodology for Mapping Credit Ratings Assigned on ACRA’s International Scale to Credit Ratings Assigned on ACRA’s National Scale for the Russian Federation, and the Key Concepts Used by the Analytical Credit Rating Agency within the Scope of Its Rating Activities.

A credit rating has been assigned to the 003P-005 series (RU000A105KW6) bond 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 were, in ACRA’s opinion, appropriate and sufficient to apply the methodologies.

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