Credit ratings

CAF’s success accessing the international capital markets is mostly due to the high credit ratings assigned by the main international rating agencies.

These agencies have recognized the Institution's outstanding creditworthiness based on a strong capital base, which resulted from the continuous support from the shareholders through repeated increases in subscribed and paid-in capital and a greater loan portfolio diversification. 

To date all CAF’s ratings are investment grade.

Some key factors underpinning CAF’s credit ratings are: 

• Strong capitalization

• High liquidity level

• Preferred creditor status

• Broad investor base

• Consistent growth and profitability