Moody's confirms Aa3 rating for CAF

Moody's agency recognized the high credit worthiness of the CAF - development bank of Latin America - by confirming the Aa3 rating with a steady outlook. Moody's report highlights the financial soundness of the institution - despite the economic slowdown of the region - which is depicted in the high capitalization and liquidity indicators, as well as in the quality and performance of their assets.

The outstanding credit ratings of CAF have allowed the institution to issue a total of 11 bonds in 2015 for an amount of approximately USD 2,100 million under very favorable conditions.

"As a representative development bank for the region, CAF actively participated in the most important capital markets, as part of a group of very exclusive issuers and showing its catalytic role by bringing funds to Latin America to foster investments and the productive expansion in their countries" stated Enrique García, executive president of the financial institution, who also emphasized the continuous support given by their countries.