- Language: English
- Published: November 2012
- Region: Bulgaria
Summary: Caribbean Development Bank Sep 11
- Published: September 2011
- Standard & Poors
The issuer credit ratings on the Caribbean Development Bank (CDB) reflect its strong capitalization, the historically high quality of its loan portfolio, and its strong membership support demonstrated by shareholders' 2010 decision to increase paid-in capital by 138% ($217 million) over six years. The downside risks to the rating include the regional geographic risk concentration embedded in the bank's loan portfolio, its small size which complicates liquidity management and raises relative financing costs, and the high growth of the loan portfolio during 2010 in the context of a weak economic environment for some of its borrowing members. CDB, established in 1969, is a subregional multilateral development finance institution (MDFI), the purposes of which are to contribute to the economic growth...
Companies mentioned in this report are: Caribbean Development Bank
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
SHOW LESS READ MORE >
Caribbean Development Bank