January 23, 2020 |
Fitch Ratings said on Wednesday that it downgraded CAF to A+ with a negative outlook from AA-, pointing to risks from the regional development bank's exposure to Venezuela, Argentina and Bolivia.
"The overall risk profile is moderate, balancing the bank's excellent track record of preferred creditor status on its sovereign loans against a concentrated exposure to a number of lowly-rated sovereigns," Fitch said in a report.
According to Fitch, CAF's risks have increased as Venezuela has delayed p
Rating agency cuts the South American development bank to A+ on exposure to Venezuela, Argentina and Bolivia