Latest update July 4th, 2026 12:40 AM
S&P Global affirms CDB strong credit ratings and stable outlook
The Caribbean Development Bank (CDB, the Bank) today announced that S&P Global Ratings has affirmed its long-term issuer credit rating of ‘AA+’ and an improved short-term issuer credit rating of ‘A-1+’, with a Stable Outlook.
This rating reflects S&P’s view that, over the next two years, CDB will maintain high capitalisation and a solid business profile, as the region’s preferred lender. This assessment endorses CDB’s continued financial strength and its critical role in supporting sustainable development across the Caribbean.
According to S&P, the affirmation follows a comprehensive review under its revised methodology for multilateral lending institutions. The Bank’s risk-adjusted capital (RAC) ratio increased to 59.6%, well above the threshold for extremely strong capital adequacy. This improvement was supported by CDB’s recent Exposure Exchange Agreement (EEA), which reduced portfolio concentration and enhanced risk management.
“This rating underscores the confidence of our shareholders and partners in CDB’s prudent financial and risk management and its unwavering commitment to the region,” said Daniel M. Best, President of the Caribbean Development Bank. “Our strong capital position enables us to continue delivering on our mandate to accelerate inclusive and resilient growth for our 19 Borrowing Member Countries.”
S&P highlighted CDB’s very strong enterprise risk profile, citing its policies and status among Caribbean sovereign borrowers. The Stable Outlook reflects expectations that CDB will maintain high capitalisation and robust liquidity over the next two years, even amid global economic headwinds and climate-related challenges. The Bank’s enhanced capital base positions it to expand its loan portfolio in order to strengthen regional climate action and sustainable development.
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