S&P ups Fonplata

S&P said it raised its issuer rating for Fonplata to A from A-.

“The upgrade of Fonplata is based on our view that the institution has shown progress in shaping its policies and building operational capabilities over the past five years, while reaching its lending targets. Amid the pandemic, Fonplata virtually doubled approvals and disbursements, which we believe reflects its capacity to respond to member countries' needs, as well as the gradual strengthening of its presence in the Latin American region,” S&P said in a press release.

The outlook is stable.

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