Monday , May 29 2023

Fitch Ratings Development Finance offers a stable rating


Risk Rating Agency Fitch Ratings The national long-term rating of National Development Finance was released with consistent perspective on AAA. Similarly, short-time rating continued in F1 + (call). That was the verdict Long-term international rating on BBB with sustainable perspective International short-term rating in F2.

The rating agency approves strategic importance of the institution to implement infrastructure projects in the country Build 4G tracks and other projects.

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"Fitch's decision to keep FDN's rating on AAA, the source of the institution's good assessment of the financial results, as well as the approval of the work for development and funding of infrastructure projects," continues to be as good as we do. The business model, professionalism of the team, confirms the source of a strong corporate governance that promises to make technical and serious decisions, "said FDN's president Clement del Vallé.

Fitch, The FDN is one of the only banks to focus on infrastructure development projects Therefore, its role in this sector is expanding. Thus, the balance sheet has increased as a proportion, and the Fitch Rating is a tendency to stay on the horizon.

The rating agency pointed out that it can concentrate on the debt market by the end of the year 2018, without any borrowing loans.

The risk of weighing activity has increased by 2.18 per cent, he said Objectives of financial stability of the institution.

Likewise, the FDN's liquidity and capital has been fortified. Recent recent growth of monetary finance for infrastructure development projects. After 2018, deposits of 118% of investment in sale, cash and cover are available in funding. FDN risk ratings have been added to Colombia's sovereignty.

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