S&P bumps up CAF to AA

S&P bumps up CAF to AA

S&P Global Upgrade CAF International Financial Institutions Bonds Debt Fixed Income Capital Markets South America

S&P Global Ratings said it upgraded South American development bank CAF by one notch to AA with a stable outlook, based on expectations that the multilateral lender "will continue to enhance its position in Latin America and the Caribbean" after a capital increase last year. "We also expect CAF will benefit from expanded support from existing members and incorporation of new member countries in recent years," S&P said in a report on Tuesday. CAF's member nations approved a capital increa

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