Fitch Ratings ratifies CAF's risk rating of AA-
The announcement recognizes the Institution's high credit quality.
Fitch Ratings recognized the financial solidity and stability of CAF, Development Bank of Latin America, by ratifying its AA- risk rating, with a stable outlook.
Enrique Garcia, Executive President of the financial institution, stated, "This shows support for CAF's management, recognizing the constant strengthening of its financial structure, resulting from the continuous support of its shareholder countries, expressed through their capital contributions as well as the timely payment of all their commitments".
As a development bank which is representative of the region, CAF has participated actively in the main capital markets, being part of a very select group of issuers, and showing its catalytic role by attracting funds toward Latin America to promote investments and the productive expansion of its countries.
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Latin America and the Caribbean seek a regional brand
CAF - development bank of Latin America and the Caribbean - aims to generate new opportunities for the countries of the region through greater international projection that attracts investment, cooperation and tourism, among others.
CAF doubles its Caribbean shareholder countries
Continuing to deepen its engagement with CARICOM countries, CAF – Development Bank of Latin America and the Caribbean – convened a meeting with CARICOM Ministers of Finance during the WB-IMF Spring Meetings in Washington DC to advance the process for incorporating its three new Caribbean shareholder countries – Bahamas, Dominica and Grenada – into the financial institution.