Fitch Ratings has assigned the Russia and Kazakhstan-led Eurasian Development Bank's (EDB's) euro medium term notes (EMTN) programme a 'BBB+' rating. It has also assigned EDB's first euro-denominated bond issue under the programme (€300mn) a 'BBB+' rating.
The ratings are aligned with EDB's long-term issuer default rating (IDR) of 'BBB+' with a stable outlook.
Fitch affirmed the EDB's long term IDR at 'BBB+' with a stable outlook on November 25.
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