GENTERA ANNOUNCES THE DECISION MADE BY FITCH RATINGS
09 Agosto 2017 - 04:01PM
BMV General Information
MEXICO CITY, AUGUST 9, 2017 GENTERA, S.A.B. DE C.V., (GENTERA)
(BMV: GENTERA*) INFORMS THAT BANCO COMPARTAMOS S.A. I.B.M., THE
MAIN SUBSIDIARY OF GENTERA, WAS AFFIRMED TODAYIN ITS VIABILITY
RATING (VR), AS WELL AS ITS FOREIGN- AND LOCAL-CURRENCY LONG AND
SHORT-TERM ISSUER DEFAULT RATINGS (IDRS). ITS NATIONAL SCALE LONG-
AND SHORT-TERM RATINGS WERE ALSO AFFIRMED.
THE MAIN ACTION TAKEN BY FITCH WAS THE CHANGE IN THE RATING OUTLOOK
ON THE LONG-TERM IDRS, REVISED TO STABLE FROM NEGATIVE.
-LONG-TERM FOREIGN AND LOCAL CURRENCY IDRS AT 'BBB', OUTLOOK
REVISED TO STABLE FROM NEGATIVE;-SHORT-TERM FOREIGN AND LOCAL
CURRENCY IDRS AT 'F2';
-VIABILITY RATING AT 'BBB';-SUPPORT RATING AT '5';
-SUPPORT RATING FLOOR AT 'NF'.-NATIONAL-SCALE LONG-TERM RATING AT
'AA+(MEX)', OUTLOOK STABLE;
-NATIONAL-SCALE SHORT-TERM RATING AT 'F1+(MEX)';
-NATIONAL-SCALE LONG-TERM RATING FOR LOCAL ISSUES OF SENIOR
UNSECURED DEBT AT 'AA+(MEX)'.ACCORDING TO THE PRESS REPORT ISSUED
EARLIER TODAY, FITCH STATED:
COMPARTAMOS' IDRS ARE DRIVEN BY ITS STAND-ALONE CREDIT PROFILE AS
REFLECTED BY ITS VR. THE AFFIRMATION OF COMPARTAMOS VR AND IDRS
REFLECTS ITS LEADERSHIP IN GROUP LENDING FOR WORKING CAPITAL IN
MEXICO, ITS GRADUALLY INCREASING FRANCHISE AND ITS RECOGNITION AS A
ROLE MODEL IN TERMS OF GROUP METHODOLOGY AND PERFORMANCE. THE
RATINGS ALSO FACTOR IN THE CONCENTRATION OF THEBANKS FUNDING
STRUCTURE, WHICH IS MAINLY WHOLESALE AND HIGHLY DEPENDENT ON MARKET
DEBT ISSUANCES***ABOUT GENTERA
GENTERA, S.A.B. DE C.V. (FORMERLY COMPARTAMOS, S.A.B. DE C.V.) IS
AHOLDING COMPANY WHOSE PRIMARY OBJECTIVE IS TO PROMOTE, ORGANIZE
AND MANAGE COMPANIES, DOMESTIC AND INTERNATIONAL, 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,