May 12, 2021
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
Latin American development bank plans to issue $100 mln in new 10-year notes as $66 mln in peso-denominated bonds approach maturity