Moody's upgrades CABEI

Moody's upgrades CABEI

Loans Central America Costa Rica El Salvador Guatemala Honduras Nicaragua Asia Panama Dominican Republic

Moody's has upgraded the ratings for the Central American Bank for Economic Integration (CABEI) to Aa3 from A1, saying the addition of South Korea as a member nation has bolstered the development bank's capital. South Korea agreed to pay $450m to join CABEI in February 2018, split between $338m in callable capital and $113m in paid-in capital through 2022, according to Moody's. South Korea will have a 9.2% stake in CABEI, the second largest share for a member outside the region after Taiwan with

Already have an account?

Free trial

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

Free Trial