Fitch shifts Compartamos view to stable

Fitch Ratings said it revised the outlook of Banco Compartamos SA Institucion de Banca Multiple to stable from negative and affirmed its local- and foreign-currency long-term issuer default ratings at BB+ and B, respectively.

The agency also affirmed Compartamos' national ratings at AA(mex) and revised the outlook of the national rating to stable from negative.

“The outlook revisions result from Compartamos' fast and significant recovery in profitability after posting a loss in 2020 and resilient capital despite pandemic-driven headwinds and remaining pressures in the operating environment (OE), such as the slow recovery in GDP and a challenging investment and business environment,” Fitch said in a press release.

© 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.