OREANDA-NEWS. January 20, 2012. International rating agency Fitch Ratings affirmed the long-term issuer default rating (IDR) of Eurasian Development Bank at "BBB". Outlook - "positive". Also, Fitch affirmed the short-term IDR at "F2", reported the press-centre of KASE.

As the agency noted, EDB's ratings reflect a strong capitalization and excellent quality of the Bank's assets. In the agency's opinion, the quality of treasury assets closely correlates with the credit quality of regional financial organizations and sovereign issuers.

In spite of the Bank's rapid expansion since 2007, its ratio of equity to assets was at a high level - 59 %, as of end of June 2011.

EDB's operations focus on the private sector, whereas its credit portfolio has less concentration than that of other international development banks. In the agency's opinion, EDB has a considerable margin of strength with regard to loan disbursement, and Fitch expects an increase in the loan portfolio at a stable pace, yet more slowly in the years to come.