CAF sets up peso notes in Mexico

CAF sets up peso notes in Mexico

CAF Credit Ratings Moody's Investors Service Bonds Debt Fixed Income Latin America South America Colombia Mexico Venezuela

Latin American development bank CAF plans to issue up to MXN2 billion ($100 million) in 10-year bonds in its first debt deal in the Mexican market since 2018, according to a ratings report from Moody's. Moody's assigned the new notes a Aa3 rating on the global scale and a Aaa.mx on the local scale, citing CAF's "prudent financial management, ample market access and the strong performance of its loan portfolio despite its exposure to lowly rated borrowers." CAF's leverage ratio rose to 220% in 20

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