S&P Raises CAF

S&P Raises CAF

S&P has raised the credit rating of Corporacion Andina de Fomento (CAF) to AA minus from A+. “The ratings reflect our assessment of the bank’s strong business profile and very strong financial profile,” it says. The agency credits CAF’s repeated success in raising paid-in capital with one-time and often early payments from an increasingly expanded membership base. Currently, the supranational has 10 full member shareholder countries and 9 associate member shareholder countries. Enrique Garci

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