Standard & Poor’s (S&P) affirmed the international risk rating of CABEI at ‘AA’; with a stable outlook

Tegucigalpa, September 27, 2024.- The rating agency Standard & Poor’s (S&P) confirmed the long-term international risk rating of the Central American Bank for Economic Integration (CABEI) at “AA”; with a stable outlook.

According to the official statement issued by the rating agency, this ratification reflects CABEI’s financial strength, based on prudent balance sheet management through conservative financial policies. S&P also highlighted the robust support from its partners, as well as the Bank’s concrete advances in terms of portfolio diversification and strengthening its operational results, thus maintaining its position as the main source of multilateral financing for Central America, with a participation of nearly 50% in the region over the past two decades.

In this regard, S&P emphasized the Bank’s measures to improve its operational efficiency, as well as the recent reduction in its interest rates, making it even more competitive compared to other multilateral entities in the region.

CABEI’s Executive President, Gisela Sánchez, highlighted the importance of having once again consolidated the “AA” rating for all its international ratings this year, reaffirming the Bank’s position as the best credit risk in Latin America. She also stated, “The confirmation of our ‘AA’ rating reinforces CABEI’s commitment to the new 2025-2029 Strategy, focused on strengthening our financial profile, promoting capitalization policies, and prudent financial management to continue being the leading development bank in the region, expanding our presence in key areas such as environmental and social sustainability, and strengthening inclusive economic growth for our member countries.”

For its part, the rating agency indicated that the stable rating outlook reflects its expectations that, over the next two (2) years, CABEI’s partners will continue to support the Institution through timely capital payments, as well as the impeccable track record of preferred creditor treatment (PCT) they have granted it. Additionally, S&P also statedthat it expects CABEI to manage capital levels prudently while maintaining high-quality liquid assets.