The European Bank for Reconstruction and Development (EBRD) began operation in 1991 with a mandate to help the countries of Central and Eastern Europe and the Commonwealth of Independent States transition to market economies, principally by lending (primarily to the private sector), making equity investments, and providing guarantees. Following the division of the Republic of Serbia and Montenegro (now rated 'BB-' and 'BB', respectively; all ratings herein are long-term foreign currency issuer credit ratings as of Oct. 25, 2006) in June 2006, its shareholders consist of 61 countries plus the European Community (EC; 'AAA') and the European Investment Bank (EIB; 'AAA'). Its member countries include the 25 members of the European Union (EU), eight of which are countries of operation...
Companies mentioned in this report are:
- European Bank for Reconstruction and Development
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