Fitch affirms Cabei bonds

Fitch Ratings said it affirmed the national long-term rating of Central American Bank for Economic Integration's (Cabei) 2.37 billion in Thai baht senior unsecured bonds due 2017 at AA+(tha).

This follows an affirmation of Cabei's long-term foreign-currency issuer default rating at A- and short-term foreign-currency issuer default rating at F2.

The outlook is stable.

The ratings reflect its preferred creditor status and privileges conferred by its member countries, as well as its solid fundamentals, good asset quality and an established track record, Fitch said.

The ratings are limited by the volatility of the economic environments in which the institution operates, significant loan concentration and the member countries' creditworthiness, the agency said.

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