Double-notch upgrade sets Cabei SSA challenge, says CFO

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Double-notch upgrade sets Cabei SSA challenge, says CFO

tegucigalpa, Cabei, BCIE, Honduras, Central America, LatAm
D0TB2D View, Tegucigalpa, capital, City, Central America, Honduras, | Prisma by Dukas Presseagentur GmbH / Alamy Stock Photo/Alamy Stock Photo

Central American development bank Cabei will return to US bond markets for the first time since 2012 after a better than expected two notch upgrade from S&P left it keen to enter the realm of true SSAs, said its CFO. But the issuer will be doing so without Fitch, after deciding the rating agency’s methodology did not reflect its new business model.

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