S&P stabilizes Banco Compartamos view

S&P said it revised its outlook for Banco Compartamos SA Institucion de Banca Multiple to stable from negative and affirmed its BB+ global issuer and issue scale and mxAA national scale ratings.

“The stable outlook on Compartamos reflects our expectations that for the next 12 months, the bank will withstand the negative economic scenario in Mexico and keep its asset quality metrics stable, while reporting solid operating revenues that will translate in a risk-adjusted capital (RAC) ratio consistently above 15%,” S&P said in a press release.

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