DBRS revises Cajamar trend to positive

DBRS said it changed the trend to positive from stable and confirmed the ratings of Grupo Cooperativo Cajamar, Cajamar Caja Rural, Sociedad Cooperativa de Credito and Banco de Credito Social Cooperativo SA, including the BB(high) long-term senior debt rating.

“The change of the trend to positive from stable reflects the group’s increased capital position and progress in reducing non-performing assets (NPAs) in recent years. DBRS Morningstar expects the group to improve key asset quality metrics in coming quarters, despite the current challenging economic environment,” the agency said in a press release.

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