Fitch provides A to Cabei bond

Fitch Ratings said it assigned an A long-term foreign currency rating to Central American Bank for Economic Integration's (Cabei) senior unsecured CHF 200 million 6½-year bond due November 2021.

The bond's rating is aligned with the bank's A long-term issuer default rating and constitutes an unsecured senior obligation that ranks pari passu with all other unsubordinated and unsecured Cabei obligations.

Fitch said Cabei’s issuer default rating reflect its intrinsic strengths, which include sound capitalization, leverage and credit quality. The ratings also consider Cabei’s relatively high portfolio concentration and strong liquid assets.

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