2023-05-24 05:26:42
This is the highest credit rating in its history by the Global Ratings agency thanks to the strengthening of its presence in Latin America and the Caribbean.
Photo: CAF.
City of Panama. The risk rating agency Global Ratings improved the long-term risk rating of the Development Bank of Latin America (CAF) to AA from AA-, with a stable outlook.
In this way, CAF reaches the best credit rating level in its history with the rating agencies Fitch Ratings, Moody’s Investors Service and Japan Credit Rating (JCR), which consolidates the Institution’s trajectory and financial management and will allow it to provide better conditions for all its shareholders, contributing to the development and integration of its member countries.
In its report, the rating agency highlighted the commitment of CAF’s shareholder countries to strengthen the institution’s equity with a capital increase of USD 7,000 million, the largest in its history, and pointed out that the stable outlook indicates its expectation that CAF it will continue to support member countries and consolidate its presence in the region, while managing its capital prudently.
The financial strength of the institution reflected in its liquidity levels was also highlighted, as well as the robust and diversified financing profile of the entity.
In addition, he expects CAF’s capital position to remain resilient, despite the region’s vulnerabilities, as balance sheet growth will be accompanied by paid-in capital.
CAF has been carrying out, for more than three decades, a strategy of diversifying its financing sources, through an uninterrupted presence in the global capital markets, which have placed it in a privileged position internationally.
The multilateral promotes sustainable development and regional integration, through an efficient mobilization of resources for the timely provision of multiple financial services, with high added value, to clients of the public and private sectors of the shareholder countries.
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