S&P ups Unifin Financiera

Standard & Poor’s said it raised its global scale issuer credit and issue-level ratings on Unifin Financiera, SAPI de CV Sofom, ENR (Unifin) to BB from BB- and long-term national scale issuer credit rating to mxA from mxA-.

S&P also affirmed the mxA-2 short-term national scale issuer credit rating. The outlook is stable.

S&P said the upgrade reflects the agency’s upward revision of Unifin’s capitalization to “adequate” from “moderate” after the company’s IPO.

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