Capital International Bank receives ‘AAAf/S1+’ rating from S&P Global Ratings
27 January 2025

Capital International Bank is delighted to announce that S&P Global Ratings has assigned a credit quality rating of ‘AAAf’ and a volatility rating of ‘S1+’ to three of its Excess Fiduciary Accounts (EFA).
The ‘AAAf’ rating assigned signifies the extremely strong protection the underlying holding within the EFA provides against losses from credit defaults. The ‘S1+’ volatility rating in turn recognises that the underlying pool of assets will demonstrate extremely low sensitivity to changing market conditions.
Finance Director, Paul Atherton, commented: “This ‘AAAf’ rating by S&P Global is a significant milestone for Capital International Bank’s Excess Fiduciary Account. These accounts have proven popular with our clients and provide a competitive net return in sterling, euros and U.S. dollars and also offer same-day liquidity access. The rating reflects the strong compliance framework and treasury management of the Excess Fiduciary Account here at Capital International Bank.”
S&P Global Ratings noted in their assessment that the EFAs are managed by Capital International Bank, which is a wholly owned subsidiary of Capital International Group Ltd. Capital International Group has approximately US$4 billion in assets under administration.
In their opinion, the EFAs are conservatively managed by a suitably experienced cash and treasury management team at Capital International Bank; supported by a risk management and compliance team to oversee banking and treasury operations. In managing the EFAs, the treasury team will control interest rate risk by investing in short-term deposits and limit credit risk by focusing on high-credit quality names, in order to maintain a credit profile consistent with a rating of ‘AAAf’.
Managing Director, Werner Alberts, also commented: “We are thrilled to receive this rating for our Excess Fiduciary Account. This recognition reinforces our dedication to providing innovative, secure and trusted banking services. For our customers, it means peace of mind knowing their Excess Fiduciary Account deposits are backed by one of the strongest credit ratings in the industry. We are a bank committed to providing unparalleled trust and value, this credit rating reflects that commitment and sets the stage for our next phase of growth in 2025 and beyond.”