IFAD plans ‘innovative approach to funding’ after rating verdict

Oats field agriculture from Adobe 13Jul20 575x375
By Lewis McLellan
19 Nov 2020

The International Fund for Agricultural Development received its second credit rating on Thursday, marking another step towards its debut in capital markets. CFO Alvaro Lario spoke to GlobalCapital about its plans.

S&P rated the agency AA+, harmonising with the agency's Fitch rating, received in early October.

“We’re the first UN agency to have a credit rating and we will be the first to make use of capital markets,” said Lario. For IFAD, the credit rating will allow it to ...

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