S&P: Cabei view to positive

Standard & Poor's said it revised the outlook on the Central American Bank for Economic Integration (Cabei) to positive from stable, and affirmed its A- long-term and A-1 short-term issuer credit ratings.

The outlook stems primarily from the tangible evidence of enhanced shareholder support reflected in the agreement of its members to provide new paid-in capital, S&P said.

The $10 million of new capital from each of the founding members, to be paid in between 2011 and 2014, will be the first such contributions since 1995. This is expected to be supplemented by $145 million from nonregional members, the agency said.

It also reflects improvements in the bank's liquidity position, which had been weaker than those of more highly rated institutions, S&P said.

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