S&P upgrades Cabei

S&P said it raised its long-term issuer credit rating on the Central American Bank for Economic Integration (Cabei) to A+ from A.

The outlook is positive.

At the same time, the agency affirmed the A-1 short-term issuer credit rating.

"The upgrade incorporates key developments following the 2015 amendments to Cabei's constitutive agreement, effective in June 2016, to improve the bank's governance structure, increase its membership base, and unlock additional financing through diversification and capital injections," S&P credit analyst Alexis Smith-Juvelis said in a news release.

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