Fonplata gets maiden ratings

Fonplata gets maiden ratings

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Fondo Financiero para el Desarollo de la Cuenca del Plata (Fonplata) has received maiden ratings from Moody’s and S&P Global Ratings. Moody’s gave the development bank an A2 rating, while S&P gave it an A-. Fonplata CEO Juan Notaro told LatinFinance that the bank intends to build relationships with lenders in the region, before potentially turning to the capital markets in 2019. "It’s important to get more history behind us first," he said. "All our capital so far comes from th

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