Bangkok--7 Aug--Fitch Ratings
Fitch Ratings (Thailand) has affirmed the 'AAA(tha)' National Long-Term Rating on the Central American Bank for Economic Integration's (CABEI) THB1.235 billion senior unsecured bonds due 2021.
KEY RATING DRIVERS
The National rating on CABEI's senior unsecured Thai baht bonds are based Fitch's view that the supranational bank's credit profile is at the strongest level relative to other issuers rated on the Thai national scale.
RATING SENSITIVITIES
CABEI's 'AAA(tha)' issue rating is the highest on Thailand's National rating scale; hence, there is no upside. The National rating on the bonds could be downgraded if CABEI's credit profile very significantly weakens in comparison to the credit profile of the Thai sovereign and other issuers rated on the Thai national scale. However, Fitch believes that this is unlikely to occur over the short term.
Additional information is available on www.fitchratings.com