Fitch rates ARA's first sustainable bond sale

Fitch rates ARA's first sustainable bond sale

Credit Ratings Bonds Mexico ESG Sustainability Bonds Debt Fixed Income

Fitch Ratings said it assigned an A+(mex) rating on the local scale to the first sustainable bond sale by Mexican construction company Consorcio ARA. ARA has a "solid financial profile" and a diversified revenue base, Fitch said in a report on Monday, adding that the construction company has "enough lots for the construction of more than 120,000 homes which, by today's sales estimate, is equivalent to 15 years of operation." ARA said in a securities filing in February that it expects to raise MX

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