CAF Takes Ecuador Hit

CAF Takes Ecuador Hit

Corporate & Sovereign Strategy

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 to Ecuador's public and private sectors constitutes CAF's single largest country exposure, at 20.8% of the multilateral's loan portfo

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial