Fitch affirms Gruposura

Fitch Ratings said it affirmed the issuer default rating and outstanding debt ratings of Grupo de Inversiones Suramericana SA and its special-purpose vehicle Gruposura Finance as follows.

The agency affirmed Grupo's foreign currency issuer default rating at BBB-, its local currency issuer default rating at BBB- and its COP 250,000 million local unsecured bonds at AAA(Col).

The agency said it affirmed Gruposura Finance's foreign currency issuer default rating at BBB-, its local currency issuer default rating at BBB- and its $300 million senior unsecured bonds due 2021 at BBB-.

The outlook is stable.

The agency said the ratings reflect the credit quality and diversification of the company's investment portfolio, its solid market position and the medium-term outlook in the industries in which it participates.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.