S&P lifts Cabei

Standard & Poor's said it raised its long-term issuer credit rating on the Central American Bank for Economic Integration (Cabei) to A- from BBB+ and its short-term issuer credit rating to A-1 from A-2.

The outlook on the long-term rating is stable.

The ratings on Cabei are supported by continuous improvement in the embedded credit risk in its portfolio, a strong and growing franchise value and a lengthening track record of continuing institutional improvements, the agency said.

S&P added that the ratings are constrained by a geographically concentrated loan and equity investment portfolio and capital adequacy and liquidity lower than those of more highly rated multilateral development finance institutions.

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