EIB blij met AAA-rating van Fitch (en)

On 25 September 2012 Fitch Ratings removed the Rating Watch Negative on European Investment Bank's (EIB i) Long-term Issuer Default Rating (IDR) and affirmed it at 'AAA'. The Outlook is Negative. Fitch has also affirmed the Short-term IDR at 'F1+'.

In the communication issued by the rating agency, several key strengths of the EIB were cited, including strong governance, prudent risk management and the credit quality of the loan portfolio. The confirmation of the AAA rating also reflects the expected improvement in capitalisation and leverage ratios resulting from the EUR 10bn cash capital increase announced by the Bank’s shareholders.

The EIB would also emphasise the solidity of its shareholder support, as laid down in the EU Treaty, which legally enshrines preferred creditor treatment within the EU as well as shareholder commitment in respect of callable capital.

Further details are available in the Fitch press release posted on the EIB website:

www.eib.org/investor_relations

The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals.