Fitch revises CAF view to positive

Fitch Ratings said it revised the outlook on Corporacion Andina de Fomento's (CAF) long-term issuer default rating to positive from stable and affirmed the IDR at A+.

“The positive outlook reflects our expectation of an improvement in CAF's solvency as a result of the recently approved very large capital increase and favorable loan portfolio dynamics,” Fitch said in a news release.

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