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Compartamos, S.A.B. de C.V. Informs

MEXICO CITY--(BUSINESS WIRE)-- Compartamos, S.A.B. de C.V., (“the Holding” or “Compartamos”) (BMV: COMPARC*) informs that Banco Compartamos S.A. I.B.M., the main subsidiary of the Holding, was affirmed today in its short and long-term ratings by Standard & Poor’s (“S&P”).

Standard and Poor’s took the following actions:

  • Affirmed Banco Compartamos’ national long-term credit risk rating to ‘mxAAA’
  • Affirmed the short-term credit rating to ‘mxA-1+’
  • Affirmed the Company’s senior unsecured long-term local debt to ‘mxAAA’. Banco Compartamos’ local bank bonds (Certificados Bursátiles Bancarios), COMPART 10, COMPART 11 and COMPART 12.
  • The outlook is ‘Stable’.

Standard and Poor’s issued a press release today stating the following:

Banco Compartamos’ ratings reflect our opinion regarding its ‘adequate’ business position, a ‘very solid’ capital position and revenues, an ‘adequate’ risk position, ‘lower than average’ funding and ‘adequate’ liquidity, based on our definitions and grading criteria.

Company Description

Compartamos is a holding company whose primary objective is to promote, organize and manage companies, domestic and international, that are subject to its investment policies. Compartamos was established in 2010 and headquartered in Mexico, and its shares began trading on the Mexican Stock Exchange on December 24, 2010, under the ticker symbol “COMPARC*”.

Note on Forward-Looking Statements

This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management’s current view and estimates of future economic circumstances, industry conditions, Bank performance and financial results. The words “anticipates”, “believes”, “estimates”, “expects”, “plans” and similar expressions, as they relate to the Bank, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.

For additional information visit: www.compartamos.com

Compartamos, S.A.B. de C.V.
Enrique Barrera Flores, +52 (55) 5276-7250
Investor Relations Officer
or
Beatriz Sánchez Covarrubias, +52 (55) 5276-7250
Investor Relations
investor-relations@compartamos.com

Source: Compartamos