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Prospect News home > News index > List of issuers I > Headlines for Interacciones Casa de Bolsa, SA de CV > News item |
Moody's rates Interacciones Ba1
Moody's Investors Service said it assigned Ba1 long-term and Not-Prime short-term global local-currency issuer ratings to Interacciones Casa de Bolsa, SA de CV. On its Mexican national scale, Moody's de Mexico assigned A1.mx long-term and MX-2 short-term issuer ratings.
The outlook is stable.
The agency said the ratings on Interacciones reflect the broker's good franchise and important brand name in Mexico's securities industry, ability to generate recurring pre-tax earnings from its low-risk agency business focus, effective management and conservative guidelines.
At the same time, the ratings reflect the company's small absolute size and limited market share of around 1% of the industry's assets under management as well as the challenges posted by a highly competitive industry and the relatively smaller array of products and services offered compared to more diversified global players, Moody's added.
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