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Prospect News home > News index > List of issuers B > Headlines for Banco Invex, SA Fideicomiso F/2157 > News item |
Fitch rates Fibra MTY's proposed certificados bursatiles BB+
Fitch Ratings said it assigned Banco Invex, SA Fideicomiso F/2157’s (Fibra MTY) foreign currency and local currency long-term issuer default ratings of BB+. The outlook is stable.
Fitch also assigned a long-term rating of BB+ to Fibra MTY's proposed $100 million senior unsecured certificados bursatiles fiduciarios (CBFs) issuance FMTY 20D due 2027.
Fitch also affirmed Fibra MTY's national scale rating at AA(mex) with a stable outlook and the national scale rating assigned to the proposed issuance at AA(mex).
“Fibra MTY's ratings are based on the company's good asset quality, its property portfolio diversification in the office, industrial and, to a lesser extent, commercial segments. The ratings also reflect a strong financial profile...,” Fitch said in a news release.
“The ratings are limited by a certain degree of revenue concentration by property, tenant and region; factors that mitigate this risk include the good tenant quality and corporate guarantees that back lease contracts.”
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