GENTERA INFORMS THAT BANCO COMPARTAMOS WAS AFFIRMED IN ITS INVESTMENT GRADE B
15 Junio 2017 - 5:19PM
BMV General Information
MEXICO CITY, JUNE 15 2017 GENTERA S.A.B. DE C.V. (BMV: GENTERA*)
INFORMS THAT BANCO COMPARTAMOS S.A. I.B.M., GENTERAS MAIN
SUBSIDIARY, WAS AFFIRMED IN ITS INVESTMENT GRADE ONITS GLOBAL SCALE
BY STANDARD AND POORS, MAINTAINING THE NEGATIVE OUTLOOK.
S&P TOOK THE FOLLOWINGACTIONS:
- AFFIRMED THE GLOBAL SCALE BBB/A-2 RATING TO BANCO COMPARTAMOS,
MAINTAINING THE NEGATIVE OUTLOOK.- AFFIRMED THE NATIONAL SCALE
MXAAA/MXA-1+ RATING.
- AFFIRMED THE NATIONAL SCALEMXAAA ISSUE-LEVEL RATING ON BANCO
COMPARTAMOS SENIOR UNSECURED DEBT.
S&P GLOBAL RATINGS ISSUED A PRESS RELEASE TODAY, WHICH STATED
THE FOLLOWING: .THE RATINGS ON COMPARTAMOS REFLECT THAT ITS
BUSINESS POSITION BENEFITS FROM THE BANK'S LEADING ROLE AND DIVERSE
CUSTOMER BASE IN MEXICO'S MICROFINANCE SECTOR, PROVIDING BUSINESS
STABILITY. THE RATINGS ALSO REFLECT THE BANK'S FORECASTED RAC RATIO
OF ABOUT 17.4% FOR THE NEXT 24MONTHS
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COMPANY DESCRIPTIONGENTERA, S.A.B. DE C.V. IS A HOLDING COMPANY
WHOSE PRIMARY OBJECTIVE IS TO PROMOTE, ORGANIZE AND MANAGE
COMPANIES, DOMESTIC ANDINTERNATIONAL, THAT ARE SUBJECT TO ITS
INVESTMENT POLICIES. GENTERA WAS ESTABLISHED IN 2010 AND IS
HEADQUARTERED IN MEXICO. ITS SHARES BEGAN TRADING ON THE MEXICAN
STOCK EXCHANGE ON DECEMBER 24, 2010 UNDER THE TICKER SYMBOL
COMPARC*. ON JANUARY 2, 2014, THE TICKER SYMBOL WAS CHANGED TO
GENTERA*.NOTE ON FORWARD-LOOKING STATEMENTS
THIS PRESS RELEASE MAY CONTAIN FORWARD-LOOKING STATEMENTS. THESE
STATEMENTS ARE STATEMENTS THAT ARE NOT HISTORICAL FACTS, AND ARE
BASED ON MANAGEMENTS CURRENT VIEW AND ESTIMATES OF FUTURE ECONOMIC
CIRCUMSTANCES, INDUSTRY CONDITIONS, COMPANY PERFORMANCE AND
FINANCIAL RESULTS. THE WORDS ANTICIPATES, BELIEVES, ESTIMATES,
EXPECTS, PLANS AND SIMILAR EXPRESSIONS, AS THEY RELATE TO
THECOMPANY, ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS.
STATEMENTS REGARDING THE DECLARATION OR PAYMENT OF DIVIDENDS, THE
IMPLEMENTATION OF PRINCIPAL OPERATING AND FINANCING STRATEGIES AND
CAPITAL EXPENDITURE PLANS, THE DIRECTION OF FUTURE OPERATIONS AND
THE FACTORS OR TRENDS AFFECTING FINANCIAL CONDITION, LIQUIDITY OR
RESULTS OF OPERATIONS ARE EXAMPLES OF FORWARD-LOOKING STATEMENTS.
SUCH STATEMENTS REFLECT THE CURRENT VIEWS OF MANAGEMENT AND ARE
SUBJECT TO A NUMBER OF RISKS AND UNCERTAINTIES. THERE IS NO
GUARANTEE THAT THE EXPECTED EVENTS, TRENDS OR RESULTS WILL ACTUALLY
OCCUR. THE STATEMENTS ARE BASED ON MANY ASSUMPTIONSAND FACTORS,
INCLUDING GENERAL ECONOMIC AND MARKET CONDITIONS, INDUSTRY
CONDITIONS, AND OPERATING FACTORS. ANY CHANGES IN SUCH ASSUMPTIONS
OR FACTORS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM
CURRENT EXPECTATIONS.