FONPLATA — Development Bank celebrates the upgrade of its long-term issuer credit rating by S&P Global Ratings, which raised it to A+ following a revision of its criteria for Multilateral Banks.

In its rationale, S&P underscores the robust support from FONPLATA’s member countries, reflected in the consistent fulfillment of financial commitments and the capitalization approved by the Board of Governors.

The rating agency also highlights the Bank’s efforts to optimize capital management, notably its commitment to advance the first Exposure Exchange Agreement with another Multilateral Development Bank this year—an instrument that diversifies risk and demonstrates enhanced operational capabilities.

S&P further recognizes the consensus reached by FONPLATA’s Governance on risk appetite for the new growth cycle, contributing to greater predictability in long-term management. The rebalancing of the portfolio reinforces its structural resilience, while strong liquidity and increasingly diversified, cost-efficient funding underpin an extremely strong financial profile.

This upgrade enhances FONPLATA's ability to secure financing on more competitive terms for its member countries, enabling greater support for strategic projects in infrastructure, social development, climate resilience, and regional integration.

“This upgrade confirms the institutional strength FONPLATA has built, the commitment of our member countries, and the responsible approach that guides our expansion. It empowers us to continue supporting sustainable development projects across the region with even greater capacity,” stated FONPLATA Executive President Luciana Botafogo.

Access the article here: FONPLATA Upgraded To 'A+' On Criteria Revision; O | S&P Global Ratings

11/7/2025