S&P Global Ratings (“S&P”) assigned its ‘AA+’ long-term and ‘A-1+’ short-term issuer credit ratings with a stable outlook on New Development Bank (“NDB”).
S&P press releases are available here:

• New Development Bank ‘AA+/A-1+’ Ratings Affirmed; Outlook Stable (February 28, 2022)
• New Development Bank ‘AA+/A-1+’ Ratings Affirmed; Outlook Stable (February 26, 2021)
• New Development Bank ‘AA+/A-1+’ Ratings Affirmed; Outlook Stable (February 28, 2020)
• New Development Bank’s Proposed Euro Medium-Term Note Program Rated ‘AA+’ (December 9, 2019)
• New Development Bank’s Inaugural Euro Commercial Paper Program Rated ‘A-1+’ (March 11, 2019)
• New Development Bank ‘AA+’ Ratings Affirmed On Criteria Revision; Outlook Stable (February 27, 2019)
• New Development Bank Assigned ‘AA+/A-1+’ Ratings; Outlook Stable (August 29, 2018)

Fitch Ratings (“Fitch”) assigned New Development Bank (“NDB”) a Long-Term Issuer Default Rating (IDR) of ‘AA’ with a Negative Outlook. Fitch has also assigned NDB a Short-Term IDR of ‘F1+’.

Fitch press releases are available here:

• Fitch Downgrades New Development Bank to ‘AA’; Outlook Negative (July 18, 2022)
• Fitch Affirms New Development Bank at ‘AA+’; Outlook Negative (March 17, 2022)
• Fitch Affirms New Development Bank at ‘AA+’; Outlook Stable (July 26, 2021)
• Fitch Affirms New Development Bank at ‘AA+’; Outlook Stable (July 29, 2020)
• Fitch Assigns New Development Bank’s Euro Medium-Term Notes Programme ‘AA+’ Rating (December 13, 2019)
• Fitch Affirms New Development Bank at ‘AA+’; Outlook Stable (July 31, 2019)
• Fitch Rates NDB’s ECP Programme ‘F1+’ (March 6, 2019)
• Fitch Rates New Development Bank ‘AA+’; Outlook Stable (August 3, 2018)

Japan Credit Rating Agency, Ltd. (JCR) assigned ‘AAA’ long-term issuer rating with a stable outlook to the New Development Bank (“NDB”).

JCR press releases are available here:

• JCR Affirms ‘AAA’ Long-term Issuer Rating to New Development Bank; Outlook Stable (January 12, 2022)
• JCR Affirms ‘AAA’ Long-term Issuer Rating to New Development Bank; Outlook Stable (September 18, 2020)
• JCR Assigns ‘AAA’ Long-term Issuer Rating to New Development Bank; Outlook Stable (August 20, 2019)

Analytical Credit Rating Agency (JSC) (“ACRA (JSC)”) assigned ‘AAA’ rating, outlook Stable, under the international scale and ‘AAA(RU)’, outlook Stable, under the national scale for Russia to the New Development Bank.

ACRA press releases are available here: