Moody’s assigns Cabei notes A1/Aaa.mx

Moody's de Mexico said it assigned a provisional A1 global scale rating and an Aaa.mx national scale rating to the Central American Bank for Economic Integration’s (Cabei) proposed senior unsecured floating-rate local notes due July 20, 2018, Cabei 1-14.

The total issuance amount should not exceed Ps. 2 billion.

Cabei’s long-term issuer rating was upgraded to A1 from A2 on Feb. 25. The upgrade was driven by a change in the agency’s assessment of Cabei's credit profile as a result of the adoption of a formal methodology for Multilateral Development Banks and Other Supranational Entities on Dec. 16, 2013.

In Moody's opinion, the A1 global scale rating with a stable outlook reflects Cabei's financial fundamentals. Moody's said it also considers the A1 rating appropriately places Cabei among its multilateral peers.

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