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Moody’s and S&P confirm CEB’s rating at ‘Aa1/AA+’

10 June 2015

PARIS - On 4 and 9 June 2015, Moody’s and Standard & Poor’s respectively confirmed CEB’s long term Rating at ‘Aa1/AA+’, outlook stable. CEB’s short term debt rating is maintained at ‘P-1/A-1+’ which is the highest grade on the rating scale.

Moody’s highlights CEB’s “conservative risk management policies and preferred creditor status which have resulted in a strong asset performance track record” as well as its “strong liquidity policy and conservative asset-liability management policies."  

CEB’s “steady profitability” and “very high shareholders’ ability to support” have also been underlined by Moody’s.

Standard & Poor’s has put forward its positive assessment on its  view of the bank’s governance, role and public policy mandate.”  The business and financial profile have both been assessed as ‘Very Strong’.  Standard & Poor’s also reaffirmed the CEB’s strong liquidity and funding capacity.

Further details are available in Moody’s rating report and Standard & Poor’s and Moody’s press releases posted on the CEB website.

Set up in 1956, the CEB (Council of Europe Development Bank) has 41 member states. Twenty-two Central, Eastern and South Eastern European countries, forming the Bank's target countries, are listed among the member states. As a major instrument of the policy of solidarity in Europe, the Bank finances social projects by making available resources raised in conditions reflecting the quality of its rating (Aa1 with Moody's, outlook stable, AA+ with Standard & Poor's, outlook stable and AA+ with Fitch Ratings, outlook stable). It thus grants loans to its member states, and to financial institutions and local authorities in its member states for the financing of projects in the social sector, in accordance with its Articles of Agreement.

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