October 12, 2020 |
Colombian rating agency BRC S&P, a subsidiary of S&P Global, has assigned a AAA rating to a new COP3 trillion ($784 million) local bond program from export-import bank Bancóldex, according to a securities filing on Thursday.
Bancóldex's board approved the program on September 28. The bank did not respond to requests for more details.
Bancóldex got a $400 million COVID-19 credit facility from JPMorgan, Santander, and BBVA with a guarantee from the Multilateral Investment Guarantee Agency
BRC S&P gives a AAA rating to the Colombian export-import bank's $785 mln debt shelf