Fitch gives Compartamos hoped-for IG rating

Fitch gives Compartamos hoped-for IG rating

Bonds Corporate & Sovereign Strategy

Fitch assigned Banco Compartamos a BBB long-term rating in both local and foreign currency on Monday. The Mexican microfinance lender had requested the rating after Fitch upgraded Compartamos’ domestic rating from AA to AA+ in June. It comes as the bank is preparing its first Eurobond, chief financial officer Patricio Diez de Bonilla told LatinFinance last week. Standard & Poor’s awarded the bank a BBB international rating in October last year, after a similar request from the issuer. Fitch said

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial