Membership Boosts CAF Outlook

S&P has improved the outlook for multilateral bank CAF’s A+ rating to positive from stable. “The positive outlook reflects CAF’s success in expanding its membership base, increasing its paid-in capital, and reducing the country concentration in its loan portfolio,” says S&P analyst Lisa Schineller. “CAF’s paid-in capital totaled $3.0bn at year-end 2009, up by $568m during 2009 alone and up $1.1bn since 2005, when paid-in capital totaled $1.9bn,” she adds.