Fitch rates CAF notes A+

Fitch Ratings said it assigned an A+ long-term rating to Corporacion Andina de Fomento's €400 million eight-year senior notes due 2018.

CAF's ratings reflect the privileges conferred on it by its member countries, its strong capital base and its solid track record in terms of asset quality and self-sustainable profitability, the agency said.

Ratings are limited by the volatility of the economic environment in which the institution operates, relevant loan concentrations and the member countries' creditworthiness, the agency noted.

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