Fitch revises CAF view to negative

Fitch Ratings said it affirmed Corporacion Andina de Fomento's (CAF) long-term issuer default rating at AA-.

The outlook was revised to negative from stable.

The revision of the outlook reflects an increase in credit risk and potential for further deterioration, the agency said.

Venezuela's payment delays (14.1% of the loan portfolio as of September 2018) highlight the weakening in the ability of the country to honor its debt to CAF, Fitch said.

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