GENTERA ANNOUNCES THE DECISION MADE BY FITCH RATINGS
26 Abril 2018 - 4:23PM
BMV General Information
MEXICO CITY, APRIL 26, 2018 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. OUTLOOK IS STABLE. FITCH
RATINGS TOOK THE FOLLOWING ACTIONS:
-LONG-TERM FOREIGN AND LOCAL CURRENCY IDRS AT 'BBB', OUTLOOK
STABLE;
-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, NATIONAL AND SENIOR DEBT RATINGS CONSIDER ITS
STAND-ALONE CREDIT PROFILE AS REFLECTED BY ITS VR. THE BANKS VR IS
HIGHLY INFLUENCED BY ITS COMPANY PROFILE THAT IN TURN IS DRIVEN BY
ITS LEADERSHIP IN GROUP LENDING FOR WORKING CAPITAL IN MEXICO
DESPITE THE LOAN PORTFOLIO CONTRACTION IN 2017; THE BANKS AMPLE
BRAND RECOGNITION IN THE SEGMENT AND ITS POSITION AS AN
OUTPERFORMER IN TERMS OF PROFITABILITY AND CAPITALIZATION METRICS
WITHIN THE MEXICAN BANKING SYSTEM.***
ABOUT GENTERAGENTERA, S.A.B. DE C.V. (FORMERLY COMPARTAMOS, S.A.B.
DE C.V.) IS A HOLDING 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,
EXPECTS, PLANS AND SIMILAR EXPRESSIONS, AS THEY RELATE TO THE
COMPANY, 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
RESULTSOF 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 ASSUMPTIONS AND 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.