Fitch Ratings has affirmed Caribbean Development Bank's (CDB) Long-Term Issuer Default Rating (IDR) at 'AA+' with a Stable Outlook. A full list of rating actions is at the end of this rating action commentary.

CDB's 'AA+' Long-Term IDR reflects its Standalone Credit Profile (SCP) of 'aa+', underpinned by liquidity and solvency assessments of 'aaa' and 'aa+', respectively. Fitch assesses CDB's business environment as medium risk, which does not translate into any adjustment to the solvency and liquidity assessments.