KBRA affirms the long-term issuer rating for European Union (EU). KBRA also affirms the short-term issuer rating of the supranational.
Ratings Outlook
The Stable Outlook on the EU’s long-term rating reflects KBRA’s assessment of its member states’ strong commitment and ability to support the bloc, as well as its financial buffers to withstand shocks. The EU’s sound policy framework supports the institution’s creditworthiness, especially in the context of stretched budget deficits and elevated debt levels of member states since the pandemic.
Profile
The EU, established in 1993, is a supranational institution whose members include all countries in the bloc. Membership totals 27 countries, with the latest admittance being Croatia in 2013, although several countries have candidate status. Following Brexit, the United Kingdom is no longer a member of the EU. The supranational is not capitalised and lacks callable capital. As such, KBRA analyses it as an Other Supranational…
Log in or Sign up for free access to this report.
KBRA is a global full-service rating agency with a mission to set a standard of excellence and integrity. Established in 2010, KBRA remains dedicated to the restoration of trust in credit ratings by creating new standards for assessing risk and by offering timely and transparent ratings. KBRA provides market participants with an alternative solution by delivering in-depth research across various sectors within the United States and European markets. We strive to provide the investment community with the products and tools needed to make informed investment decisions.