March 27, 2018
North American Development Bank ‘AA’ rating affirmed by Fitch with a stable outlook
Introductory text: North American Development Bank ‘AA’ rating affirmed by Fitch with a stable outlook
San Antonio, Texas – Fitch Ratings affirmed the ‘AA’ rating of the North American Development Bank (NADB) with a stable outlook. In its analysis, Fitch assessed the Bank’s capitalization and liquidity levels as “excellent.” Other key factors included NADB’s strong risk management, very low equity risk and low counterparty loan concentration.
NADB is an international financial institution capitalized and governed equally by the United States and Mexico with the purpose of helping develop and finance infrastructure projects with public- and private-sector sponsors in the U.S.-Mexico border region in the areas of water supply, wastewater treatment, waste management, air quality, urban mobility and clean and renewable energy. As of December 31, 2017, NADB had US$1.29 billion in outstanding loans in projects throughout the U.S.-Mexico border region.
NADB is headquartered in San Antonio, Texas, and has total capitalization of US $2.77 billion, of which $415 million is paid-in capital and the remainder is callable capital from the U.S. and Mexican governments. More information regarding the NADB credit rating can be obtained at www.fitchratings.com. More information regarding the NADB and its operations can be obtained at www.nadb.org.
NADBank is a financial institution established and capitalized in equal parts by the United States and Mexico for the purpose of financing environmental infrastructure projects along their common border. As a pioneer institution in its field, the Bank is working to develop environmentally and financially sustainable projects with broad community support in a framework of close cooperation and coordination between Mexico and the United States. For more information about NADBank, visit www.nadb.org.
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