S&P affirms eight finance institutions

Standard & Poor's said it affirmed its AAA long-term and A-1+ short-term issuer credit ratings on eight multilateral development finance institutions (MDFIs): the African Development Bank, the Asian Development Bank, the Caribbean Development Bank, the European Bank for Reconstruction and Development, the Inter-American Development Bank, the International Bank for Reconstruction and Development (World Bank), the International Finance Corporation and the Islamic Development Bank.

The outlooks on all are stable.

The agency said it also affirmed its AAA long-term and A-1+ short-term issuer credit ratings on eight other supranational institutions: the Council of Europe Development Bank, the European Atomic Energy Community, the European Central Bank, the European Community, the European Company for the Financing of Railroad Rolling Stock, the European Investment Bank, the European Investment Fund and the Nordic Investment Bank.

The outlooks are stable.

At the same time, S&P said it affirmed the issuer credit ratings on four subregional MDFIs: the Central American Bank for Economic Integration (A-/stable/A-1), Corporación Andina de Fomento (A+/stable/A-1), the Inter-American Investment Corporation (AA-/stable/A-1+) and the Eurasian Development Bank (BBB+/stable/A-2. In addition, it affirmed its issuer credit ratings on Fondo Latinoamericano de Reservas (AA-/positive/A-1+).

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