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S&P boosts Asigna
Standard & Poor's said it raised its long-term local currency counterparty credit rating on Asigna Compensacion y Liquidacion to BBB+ from BBB.
The A-2 local currency short-term rating was affirmed and the BBB/A-3 foreign currency counterparty credit rating was also affirmed, the agency said.
The outlook is stable.
S&P noted that the upgrade is based on Asigna's financial performance, continuous improvement and the positive expectations for the Mexican derivative market.
The ratings are also supported by Asigna's conservative approach toward calculation of its financial and operational safeguards, its prudent management and its main role as the sole clearinghouse for clearing and settlements in the derivative market, the agency said.
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