CABEI Withdraws Fitch’s A+ Rating with Positive Outlook
09.04.2019 00:00 By: CABEI News Age: 134 days
Tegucigalpa, April 08, 2019.- As per the Central American Bank for Economic Integration’s (CABEI’s) request, Fitch Ratings withdrew its 'A+' international long-term issuer credit rating with “positive” outlook. As part of the process, the Rating Agency assessed CABEI and confirmed the aforementioned rating and outlook.
The withdrawal request was submitted during the fourth quarter of 2018 after a comprehensive analysis that evidenced incompatibilities between CABEI’s business model and the methodology applied by Fitch Ratings to assess Multilateral Development Banks (MDBs). The latter given that Fitch Ratings’ methodology does not fully recognize, amongst other factors, CABEI’s ongoing strategy regarding the incorporation of new highly rated non-regional members to bolster its credit profile.
CABEI is currently rated AA (stable outlook) with Standard & Poor's, A1 (positive outlook) with Moody's, and AA (stable outlook) with Japan Credit Ratings.