San Antonio, Texas- Today, Moody’s Investors Service affirmed the ‘Aa1’ rating of the North American Development Bank (NADB) with a stable outlook. In its analysis, Moody’s highlighted the Bank’s strong capital and liquidity positions, as well as the high level of support and commitment the Bank receives from its two sovereign members, the U.S. and Mexico.
NADB is an international financial institution capitalized and governed equally by the United States and Mexico for the purpose of helping develop and finance infrastructure projects with public- and private-sector sponsors in the U.S.-Mexico border region in the areas of water supply, wastewater treatment, waste management, air quality, urban mobility and clean and renewable energy. As of March 31, 2016, NADB had contracted US$2.60 billion in loans and grants for 220 projects throughout the U.S.-Mexico border region.
NADB is headquartered in San Antonio, Texas, and has total capitalization of US $2.7 billion, of which $405 million is paid-in capital and the remainder is callable capital from the U.S. and Mexican governments. More information regarding the NADB credit rating can be obtained at www.moodys.com. More information regarding the NADB and its operations can be obtained at www.nadb.org.