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S&P affirms Fondo Latinoamericano de Reservas' ratings


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S&P affirms Fondo Latinoamericano de Reservas' ratings

S&P Global Ratings on Aug. 26 affirmed Fondo Latinoamericano de Reservas' long- and short-term issuercredit ratings at AA and A-1+, respectively, with a negative outlook.

S&P currently considers Fondo Latinoamericano's businessprofile to be "adequate" and its financial profile to be "extremelystrong." The firm's stand-alone credit profile is "aa."

"FLAR's adequate business profile reflects its role andmandate as a monetary fund, as well as the breadth of its membership," S&Pcredit analyst Abril Canizares said in a statement. 

S&P expects the lender's capital ratio after adjustmentsto remain over 100% in 2016.

The rating agency said that the company's strong financial profilereflects its capital adequacy, its funding mix of deposit liabilities and shareholders'equity, and its liquidity which is sufficient to "meet possible loan disbursements."

The negative outlook on the company's ratings reflects the riskof a downgrade if its asset quality weakens.

S&P GlobalRatings and S&P Global Market Intelligence are owned by S&P Global Inc.