ECCB 2022-2023 Annual Report and Financial Statements

Eastern Caribbean Central Bank Notes to the Financial Statements For the year ended 31 March 2023 (Expressed in Eastern Caribbean dollars)

3. Financial risk management (continued)

Credit risk (continued)

b)

(ii) Credit quality analysis (continued)

Investment securities and money market instruments and money at call

The table below sets out the credit quality of the B ank’s foreign debt securities (n ote 9) and money market instruments and money at call (note 6) by rating agency designation at 31 March 2023 and 31 March 2022 , based on Moody’s , S&P or Fitch:

Foreign investment securities

Rated (Moody’s , S&P or Fitch)

2023

2022

Foreign debt securities

$

$

3,504,119,059 33,886,216 109,274,646 223,243,797 69,997,436 57,199,381

Aaa Aa1 Aa2 Aa3

3,585,624,333 40,409,547 117,994,909 142,797,500 70,725,412 21,452,083

AA + AA-

3,997,720,535

3,979,003,784

2023

2022

U.S. agency mortgage-backed securities

$

$

Aaa

282,648,739

-

282,648,739

-

Unrated

2023

2022

$

$

Foreign equity securities at FVOCI Domestic equity securities at FVOCI

78,205 624,186 702,391

78,205 624,186

702,391

50