S&P affirms Asigna, Compensacion y Liquidacion

Standard & Poor's said it affirmed its BBB long-term counterparty credit rating on Asigna, Compensacion y Liquidacion.

Also, the agency said the A-3 short-term foreign currency counterparty credit rating and the A-2 local currency short-term counterparty credit rating were affirmed.

The foreign currency outlook is stable and the local currency outlook is positive.

S&P said the ratings affirmation is supported by Asigna's favorable business prospects, its conservative approach toward calculation of its financial and operational safeguards and good financial performance.

Balancing these factors is its product and participants concentration, the agency noted.

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