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Concern over US announcement of withdrawal from World Bank

London, Feb 13 (Prensa Latina) S&P Global today expressed concern over US announcements of a possible withdrawal from the World Bank.

The aforementioned entity completed the list of the main credit rating agencies that warned that a US withdrawal from the World Bank and other top-tier multilateral lenders would damage their triple-A credit ratings.

S&P said that the current triple-A ratings of the World Bank and other top-tier development banks assume the permanence of the United States. Therefore, if Washington limits its support, any rating change that appears as a consequence would probably be Negative.

Alexander Ekbom, S&P’s main analyst of multilateral development banks, added that, ultimately, it would depend on the impact on the capital of each institution and whether other important shareholders would fill the void that would be left.

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