News
CEB receives AAA credit rating from Scope Ratings
8 October 2020
PARIS – The Council of Europe Development Bank (CEB) has been assigned a first-time AAA credit rating with a stable outlook by Scope Ratings.
Scope Ratings published a press release on 2nd October 2020, based on publicly available information about the Bank for 2019, attributing to the CEB a AAA credit rating, the highest rating possible, with a stable outlook.
Scope’s (unsolicited) assessment of the CEB highlighted the Bank’s:
- highly rated key shareholders and increased strategic importance
- strong institutional framework and preferred creditor status
- strong liquidity position and very high asset quality.
Scope Ratings also pointed out the importance of the Bank’s mandate in softening the impact of the economic crisis and underlined its role in the current operating environment, given the COVID-19 pandemic.
Scope Ratings is a privately-held rating agency created in 2002 based in Berlin and present in six European countries. The agency operates in the credit rating sector since 2010 and holds ECAI status. Specialised in the analysis and ratings of financial institutions, corporates, structured finance, project finance and public finance, it also provides ESG and funds analysis.Scope Ratings' full press release
ReadSet up in 1956, the CEB (Council of Europe Development Bank) has 42 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, AAA with Standard & Poor's, outlook stable, AA+ with Fitch Ratings, outlook stable and AAA* with Scope 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.
* unsolicited