06:29 AM EDT, 07/26/2026 (MT Newswires) -- Moody's upgraded its long-term issuer and senior unsecured ratings on Corporacion Andina de Fomento to Aa1 from Aa3, while also revising its outlook to stable from positive. The rating lift was attributed to the development bank's structurally strengthened credit profile due to its materially stronger capitalization, improved portfolio diversification and asset quality, among others, according to a July 24 release. Meanwhile, the stable outlook indicates Moody's expectations that the lender will keep its robust solvency and liquidity in the medium term.

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