S&P: Finca Mexico positive

Standard & Poor's said it revised the global and national scale outlooks on Fundacion Integral Comunitaria AC (Finca Mexico) to positive from stable.

The agency also said it affirmed the BB-/B global scale counterparty credit ratings and raised the national scale counterparty credit ratings on the company to mxBBB+/mxA-2 from mxBBB/mxA-3.

The upgrade reflects the improvements in Finca Mexico's financial profile, resulting from adjustments in its underwriting practices that have brought better asset quality and profitability, S&P said.

The ratings continue to be balanced by concerns about the increasing debt burden among creditors in the low-income segment of the economy, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.