Central American Bank for Economic Integration (Cabei) had its long-term foreign currency rating upgraded by Moody’s Investor Service to A2. Cabei’s total assets amount to US$3.5bn.

The same rating is applied to the Venezuela-based Corporacin Andina de Fomiento (CAF). Barbados-based Cabei is considered investment grade by Fitch Ratings (BBB+), Standard and Poor’s (BBB) and Moody’s Investors Service (A2).

Cabei is one of the main sources for financing in Central America. The bank comprises Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica, Mexico, Republic of China (Taiwan), Argentina, Colombia and Spain. The Dominican Republic is in the process of joining.