Japan Credit Rating Agency affirms CABEI’s international credit risk rating of “AA”, with a stable outlook

Tegucigalpa, April 26, 2023.- The Japan Credit Rating Agency (JCR) affirmed the long-term international risk rating of the Central American Bank for Economic Integration (CABEI) at “AA”; with a stable outlook.

According to JCR’s official statement, the Bank's credit rating is based on the solid support from its member countries, its preferred creditor status, and sound financial structure and ample liquidity. CABEI not only retains ample liquidity based on its prudent financial rules but also maintains its financial soundness by diversifying its funding sources.

JCR also highlighted that the member countries have expanded from the five founding member countries to a total of 15 countries including Taiwan, Mexico, Argentina, Colombia, Spain, Cuba and the Republic of Korea as extra-regional members.

Likewise, CABEI's Executive President, Dr. Dante Mossi, highlighted the significant participation of Asian partners in the Bank's shareholding structure, considering that, in aggregate, the Republic of China (Taiwan) and the Republic of Korea have subscribed around 20% of the authorized capital of the Institution. In this regard, he emphasized the importance of continuing to incorporate member countries with high credit ratings to continue improving the Bank's rating, and thus enhance the channeling of resources to the Central American region in stable and competitive financial conditions.

Finally, the rating agency emphasized CABEI's transcendental role as a relevant multilateral financial institution for the region, highlighting the support that the Bank has provided to the efforts of its partners to face the global pandemic as well as the economic development of the region, through different programs such as the Temporary Support Program for the increase in fuel costs and the Emergency Support and Preparedness Program for the COVID-19 pandemic and Economic Reactivation.