- Language: English
- Published: August 2012
Summary: Caribbean Development Bank Sep 11
- ID: 1924909
- September 2011
- Region: Caribbean
- 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
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