Fitch affirms Cabei

Fitch Ratings said it affirmed Central American Bank for Economic Integration's (Cabei) long-term ratings at BBB+ (outlook stable) and short-term at F2 rating.

Fitch said Cabei's ratings reflect its preferred creditor status and privileges conferred on it by its member countries, as well as its solid fundamentals, including a strong capital base, good asset quality, and an established track record in terms of self-sustainable profitability.

The ratings are enhanced by the inclusion of Spain as its shareholder and by Nicaragua having reached the completion point of its Highly Indebted Poor Countries Initiative, a debt alleviation program financed by the international community.

Fitch said the ratings are limited by the generally weak economic environments of Cabei's beneficiary countries and its exposure to the private sector, which is higher than at other regional multilateral development banks.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.