Standard & Poor’s Rating December 2023
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In our view, the Caribbean Development Bank (CDB) has a very strong enterprise risk profile supported by its important role of providing multilateral financing to the Caribbean countries and demonstrated support from shareholders.

CDB maintains a robust capital position even with larger lending volumes and higher concentration levels, as well as solid liquidity.

S&P Global Ratings affirmed its 'AA+' long-term issuer credit rating and 'A-1+' short-term issuer credit rating on CDB.

The stable outlook reflects our expectation that, over the next two years, CDB will maintain high capitalization levels to support growth in its loan book and the bank's enterprise profile will remain very strong, as we expect sovereign borrowers to treat the bank as a preferred creditor.