CAF Takes Ecuador Hit
Dec 18, 2008
S&P has slapped a negative outlook on CAF’s A+/A-1 rating amid concerns about exposure to Ecuador, which is in default, as well as Venezuela and Argentina. "We revised the outlook to negative because the credit risk embedded in CAF's portfolio rose sharply following Ecuador's decision to default on its bonded debt," says S&P credit analyst Lisa Schineller. Lending...
Already have an account?
Subscribe now for unlimited access to all current and archive news, data and market analysis.
Take a free two-week trial now for the latest news, data and market analysis.