Corporacion Financiera de Desarrollo S.A. - S&P Global Ratings’ Credit Research

Corporacion Financiera de Desarrollo S.A.

Corporacion Financiera de Desarrollo S.A. - S&P Global Ratings’ Credit Research
Corporacion Financiera de Desarrollo S.A.
Published Jul 31, 2018
11 pages (4489 words) — Published Jul 31, 2018
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

Strong evidence of the government's commitment to support the bank if financial stress persists; and Favorable economic growth prospects. Asset quality deterioration due to weakening quality of loans to the infrastructure sector; and High credit exposure, stemming from a focus on lending to the infrastructure sector, may continue pressuring capitalization levels throughout 2018. In November 2017, the government-owned fund, El Fondo Nacional de Financiamiento de la Actividad Empresarial del Estado (FONAFE), injected $18 million into Corporacion Financiera de Desarrollo S.A. (COFIDE) as part of commitment to recapitalize dividends COFIDE paid during the year. In January 2018, the government injected $102 million in capital into the bank to cover the sovereign-guaranteed debt that was previously transferred to COFIDE. In May 2018,

  
Brief Excerpt:

...Strong evidence of the government's commitment to support the bank if financial stress persists; and...

  
Report Type:

Full Report

Issuer
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Structured Finance
Country
Region
Latin America
Format:
PDF Adobe Acrobat
Buy Now

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Corporacion Financiera de Desarrollo S.A." Jul 31, 2018. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Corporacion-Financiera-de-Desarrollo-S-A-2080155>
  
APA:
S&P Global Ratings’ Credit Research. (). Corporacion Financiera de Desarrollo S.A. Jul 31, 2018. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Corporacion-Financiera-de-Desarrollo-S-A-2080155>
  
US$ 500.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.