S&P affirms Caribbean Development Bank

S&P said it affirmed its AA+ long-term issuer credit rating and A-1+ short-term issuer credit rating on the Caribbean Development Bank, citing a strong enterprise risk profile supported by its role of providing multilateral financing to the Caribbean and demonstrated support from shareholders.

The outlook is stable.

The action reflects its expectation that, over the next two years, the bank will maintain high capitalization levels to support growth in its loan book and that the bank's enterprise profile will remain strong, as sovereign borrowers are expected to treat the bank as a preferred creditor, S&P said in a news release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.