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Research Update: European Bank for Reconstruction and Development 'AAA/A-1+' Ratings Affirmed; Outlook Stable Aug 09 Product Image

Research Update: European Bank for Reconstruction and Development 'AAA/A-1+' Ratings Affirmed; Outlook Stable Aug 09

  • ID: 1860095
  • August 2009
  • Region: Europe
  • Standard & Poors

Abstract
EBRD's capital position remains extremely strong, enhanced by the highest quality callable capital of any multilateral development finance institution (MDFI), and ample liquidity. EBRD suffered its second loss since it began operations, mainly as the result of declines in the fair value of its equity portfolio. We have affirmed our ratings on EBRD and the outlook is stable. On Aug. 7, 2009, Standard & Poor's Ratings Services affirmed its 'AAA' long-term and 'A-1+' short-term foreign currency issuer credit ratings on European Bank for Reconstruction and Development (EBRD). The outlook is stable. The ratings on the European Bank for Reconstruction and Development (EBRD) are based on its extremely strong capital position, enhanced by the highest quality callable capital of any multilateral...

Companies mentioned in this report are:
- European Bank for Reconstruction and Development

Action: Affirmed
Action: Outlook: Stable

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- European Bank for Reconstruction and Development

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