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Prospect News home > News index > List of issuers B > Headlines for Banco Compartamos, SA, Institucion de Banca Multiple > News item |
S&P affirms Banco Compartamos
S&P said it affirmed its BBB global scale long-term and A-2 short-term issuer credit ratings on Banco Compartamos SA Institucion de Banca Multiple.
At the same time, the agency affirmed the mxAAA long-term and mxA-1+ short-term national scale issuer credit ratings on the bank.
The outlook remains negative.
The agency also affirmed the mxAAA issue-level rating on the bank’s senior unsecured debt.
“The ratings on Compartamos reflect its leading position in Mexico's microfinance sector, diverse customer base, and the wide geographical footprint,” S&P said in a news release.
“These factors provide the bank resilience to economic downturns.”
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