The EIB welcomes confirmation of its triple A rating by S&P
- Release date: 17 January 2012
- Reference: 2012-007-EN
On 16 January 2012 S&P confirmed the European Investment Bank’s triple A rating, but gave it a negative outlook.
The triple A rating was reaffirmed on the basis of the EIB’s “franchise value” and the “historical performance of its loan portfolio”, which S&P describes as of “very high” quality historically. S&P also expects the Bank’s loan performance to “remain good” in 2012. The franchise value relates to the weight that shareholders accord to the role of EIB and the associated importance of EIB to its EU shareholders. The EIB provides financing for sound investment projects that support economic growth and job creation.
Further details are available in the S&P press release posted on the EIB website:
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.