S&P raises Vision outlook to positive

Standard & Poor's said it revised its outlook on Vision SA de Finanzas ECA to positive from stable.

The B- long-term counterparty credit rating was also affirmed, the agency said, noting that Visión is a financial company dedicated to providing loans and services in the microfinance industry and the traditional consumer segment in the middle- and lower-income sectors in Paraguay.

The ratings on Vision balance the risks inherent to operating in risky market segments in the volatile Paraguayan financial system with the company's positive features, which include cautious asset liability management policies, management's experience in developing businesses in environments of high financial stress and good revenue diversification, with a relatively high participation of fee income in total revenues for a company of its size and profile, according to S&P.

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