KBRA affirms the long-term issuer rating for the European Investment Fund (EIF, or the Fund). KBRA also affirms the short-term issuer rating of the supranational.
Ratings Outlook
The Stable Outlook on the EIF’s long-term rating reflects KBRA’s expectation that the key credit considerations for the EIF will endure. In particular, continued strong financial performance and no meaningful changes in shareholder support are anticipated, including the creditworthiness of the main shareholders—the European Investment Bank (EIB) and the European Union (EU, rated AAA/Stable by KBRA), the latter represented by the European Commission (EC). The vital role that the EIF plays in the bloc’s economic policy goals substantiates shareholder support.
Profile
EIF was established in 1994 as a supranational financial institution and since 2000 is part of EIB Group. As of…
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