Today, Fitch Ratings has affirmed the ratings of the Central American Bank for Economic Integration (CABEI) as follows:
-Long-term foreign currency Issuer Default Rating (IDR) at ‘A-’;
-Short-term IDR at ‘F2′;
-USD500 million medium-term note due 2014 at ‘A-’.
The Rating Outlook is Stable.
CABEI is a Central American multilateral development bank (MDB) based in Honduras. Honduras has publicly stated their commitment with CABEI, cleared the aforementioned loan arrears, and started the discussion to reinstate the ability of CABEI to accept deposits from Honduran banks; paving the way to come back to normal business relations with the sub regional MDB. In turn, CABEI has announced the restart of loan disbursements of previously approved loans to the country…Read full article here.
