CREDIT RATING WITHDRAWAL RATIONALE
The credit rating of the note issue (KZX000001003) of Eurasian Development Bank has been withdrawn due to the full redemption of this issue on December 20, 2023. Previously, in accordance with ACRA’s methodology, an A- credit rating was assigned to the issue, i.e. on par with the credit rating of Eurasian Development Bank. The rating has been withdrawn without its concurrent affirmation.
Regulatory disclosure
The credit rating was previously assigned to the note issue (KZX000001003) of Eurasian Development Bank under the international scale for the Russian Federation 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.
The credit rating of the note issue (KZX000001003) of Eurasian Development Bank was published by ACRA for the first time on December 22, 2021.
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 credit rating assignment.
