Research Update: Fondo Latinoamericano de Reservas 'AA/A-1+' Ratings Affirmed Under New Criteria; Outlook Stable Dec 12
- Language: English
- Published: December 2012
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Fondo Latinoamericano de Reservas (FLAR) maintains a strong capital position and remains highly liquid. Member support remains strong, in the form of earnings retention and borrowers' continuing preferred creditor treatment of FLAR. Relatively high credit and concentration risk embedded in FLAR's current and potential loan portfolio constrain the rating. We are affirming our 'AA' long-term and 'A-1+' short-term ratings on FLAR. The outlook remains stable, based on the maintenance of strong financial management policies overall and continued member support. On May 6, 2011, Standard & Poor's Ratings Services affirmed its 'AA' long-term and 'A-1+' short-term foreign currency ratings on Fondo Latinoamericano de Reservas (FLAR). The outlook remains stable. FLAR, a multilateral lending institution (MLI), is the highest-rated financial institution domiciled...
Companies mentioned in this report are: Fondo Latinoamericano de Reservas
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