Moody's rates Value Ba3

Moody's Investors Service said it assigned its Ba3 long-term and Not-Prime short-term global local-currency issuer ratings to Value Casa de Bolsa, SA de CV. On its Mexican National Scale, Moody's de Mexico assigned A3.mx long-term and MX-2 short-term issuer ratings.

The outlook is stable.

The agency said the ratings reflect the broker's good franchise and brand name in Mexico's securities industry developed after a track record of nearly 16 years under its current ownership, the company's ability to generate recurrent pre-tax earnings from its low-risk agency business focus and its conservative risk management guidelines.

The ratings assigned to Value also incorporate the company's small size and limited market share of around 1.3% of the Mexican securities industry's assets under management, Moody's said.

© 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.