S&P affirms CAF

Standard & Poor's said it affirmed the A+ long-term and A-1 short-term counterparty credit ratings on Corporacion Andina de Fomento (CAF).

The outlook remains positive.

The positive outlook reflects the company's success in expanding its membership base, the substantial scheduled increases in its paid-in capital and the reductions in the geographic concentration in its loan portfolio, S&P said.

The company now has nine core member countries and nine associate member countries, the agency said.

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