San Antonio-based North American Development Bank, or NADBank, had its overall credit rating of Aa for long-term bonds affirmed last week.
Fitch Ratings Inc. affirmed the bank's credit worthiness and described the investment for the bond market at-large as stable. The ratings agency noted that NADBank had "controlled asset growth, which supports its continued excellent capital position, despite delays in capital payments from the U.S. and a strengthening in the bank's risk management practices."
