Supranationals Maintain High Ratings Oct 02
Standard & Poors, October 2002
Abstract
Standard & Poor's has maintained the ratings and outlooks on all supranational institutions rated AAA/Stable/A-1+ one year ago. In August 2002, Standard & Poor's changed the outlook on the Inter-American Investment Corporation (IIC), rated 'AA/A-1+', to negative from stable. This change reflected continuing weakness in its loan and equity portfolios from investments in the Republic of Argentina and other countries, and the uncertain economic outlook in a number of its regional member countries. However, IIC's financial ratios continue to be strong, a consequence of reductions in net loans and receipt of installments of paid-in capital from the capital increase approved in 1999. In May 2002, Standard & Poor's assigned a BBB-/Stable/A-3 rating to the Central American Bank for Economic Integration...
Companies mentioned in this report are:
- African Development Bank
- Asian Development Bank
- EUROFIMA European Company for the Financing of Railroad Rolling Stock
- European Coal & Steel Community in Liquidation
- European Union
- European Investment Bank
- Inter-American Development Bank
- International Bank for Reconstruction and Development
- Nordic Investment Bank
- Council of Europe Development Bank
- International Finance Corp.
- European Bank for Reconstruction and Development
- Corporacion Andina de Fomento
- European Atomic Energy Community
- European Central Bank (Unsolicited Ratings)
- Central American Bank for Economic Integration
- Inter-American Investment Corp.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
- African Development Bank
- Asian Development Bank
- EUROFIMA European Company for the Financing of Railroad Rolling Stock
- European Coal & Steel Community in Liquidation
- European Union
- European Investment Bank
- Inter-American Development Bank
- International Bank for Reconstruction and Development
- Nordic Investment Bank
- Council of Europe Development Bank
- International Finance Corp.
- European Bank for Reconstruction and Development
- Corporacion Andina de Fomento
- European Atomic Energy Community
- European Central Bank (Unsolicited Ratings)
- Central American Bank for Economic Integration
- Inter-American Investment Corp.
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