Fitch Upgrades North American Development Bank to 'AA+'; Outlook Stable
Fitch revised its assessment of shareholders' capacity to support the bank to 'aaa' from 'aa+', as callable capital from the United States (AAA/Stable) now fully covers NADB's net debt. Support capacity and a stable US sovereign outlook are key drivers of the rating.
To read Fitch's report related to NADBank’s credit rating, please click here
NADBank Board approved $300-million green loan program and $156 million for three projects in wastewater management, mobility and renewable energy
- Green Loan Program is designed to finance environmental sustainability for small, rural and other borrowers with limited access to NADBank financing through loans to financial intermediaries
- US$156 million in financing approved for three new environmental infrastructure projects in Texas and Chihuahua communities
Moody's reaffirms NADBank's Aa1 rating and changes outlook to stable
NADBank's credit profile reflects the bank’s high capital adequacy and liquidity position, and strong support from the US (Aaa stable) and Mexico (Baa1 negative), its two shareholder members.
NADBank, Siemens and EnerSmart sign US$78.2 million loan for first fully merchant project financed energy storage facilities in San Diego County, California
San Antonio, Texas – The North American Development Bank (NADBank), Siemens Financial Services, Inc. (Siemens) and EnerSmart Storage OpCo II, LLC signed a US$78.2 million loan facility to finance the design, construction, and operation of a portfolio of utility scale energy storage projects with a combined capacity of 165 megawatts in alternating current (MWAC) that will be constructed at nine sites located within San Diego County, California. This is the first reported project financing of fully merchant battery storage projects in the United States.
In 2022, Fitch Affirms North American Development Bank at 'AA'; Outlook Stable
Fitch Ratings - London - 15 Mar 2022: Fitch Ratings has affirmed The North American Development Bank's Long-Term Issuer Default Rating (IDR) at 'AA' and Short-Term IDR at 'F1+'. The issue ratings on NADB's senior unsecured bonds are also affirmed at 'AA'. The Outlook on the Long-Term IDR is Stable.
NADBank and Mexican local, state and federal agencies sign a proposal for resolving transboundary wastewater flows
NADBank will provide US$200,000 in technical assistance for a needs assessment of Nuevo Laredo’s wastewater treatment plants.
NADBank, Village of Vinton, Congresswoman Escobar, EPA, TWDB Break Ground on $20 Million Water Projects
The North American Development Bank (NADBank) and the Village of Vinton, Texas hosted a groundbreaking ceremony for two projects that will provide new drinking water distribution and wastewater collection and will include the decommission of on-site septic systems. The total estimated project costs of both projects is US$20.44 million.
US$22.9 million loan to support clean energy in Southern California
San Antonio, Texas – The North American Development Bank (NADBank) and Sol Orchard Imperial 1, LLC executed a US$22.9 million loan increase to support capital investments, including replacement of all the inverters in the El Centro Solar Park, owned by Excelsior Energy Capital, in El Centro, California, to increase energy production.
NADBank recognized in Mexico as first multilateral bank to issue a green bond
- Award made by the Green Finance Advisory Council in the framework of its 2020-2021 Green, Social and Sustainable Bond Awards.
NADB to invest in new project types to tackle climate change & promote the green economy
- NADB Board of Directors approves expanding project eligibility for financing
- US$87.5 million approved in financing for four new environmental projects