Standard & Poor’s has affirmed the Inter-American Development Bank’s ‘AAA’ long-term and ‘A-1+’ short-term issuer credit rating with a stable outlook. Also, following a review under the revised criteria for multilateral lending institutions, the IDB’s stand-alone credit profile was upgraded from ‘aa+’ to ‘aaa’, due to its extremely strong enterprise risk profile and very strong financial risk profile.
“The stable outlook reflects our expectation that the IDB's strengths, particularly its relationship with its member countries, will remain unchanged in the next two years”, said S&P. According to the rating agency, the IDB’s continuous improvements in its governance and risk management framework can adequately manage the borrowing member majority.
Among the rationale behind the ratings IDB’s earning capacity, higher geographic-diversification benefits and larger risk-weight reduction were emphasized. Finally, S&P highlighted IDB’s role as the main supplier of developmental financing in the region. For more information regarding the IDB’s S&P credit rating click here.
The Inter-American Development Bank is a leading source of long-term financing for economic, social and institutional projects in Latin America and the Caribbean. Besides loans, grants and guarantees, the IDB conducts cutting-edge research to offer innovative and sustainable solutions to our region’s most pressing challenges. Founded in 1959 to help accelerate progress in its developing member countries, the IDB continues to work every day to improve lives.