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Rating agencies maintain confidence in Grupo Argos: Fitch Ratings reaffirmed its AAA profile, the highest for companies in Colombia

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  • Fitch highlighted Grupo Argos' financial flexibility and its proven ability to access alternative sources of liquidity, among other aspects.
  • For its part, S&P confirmed the AA + rating for Grupo Argos and changed the outlook from stable to positive, in recognition of the response of the Business Group to the Covid-19 pandemic, the resilience in the portfolio and the financial results of the first quarter of 2021.

 

Fitch Ratings maintained Grupo Argos' long-term and short-term ratings at AAA (col) and F1 + (col), with a stable outlook. The rating was granted thanks to the resilience provided by a diversified investment portfolio and the credit quality, predictability and stability in the flow of dividends.

This result also took into account the financial flexibility of Grupo Argos and the ability it has shown to access alternative sources of liquidity while maintaining a robust capital structure and without debt maturities in the short term.

"We celebrate this recognition that Fitch Ratings makes to our financial management and to the adaptability and structural soundness that the organization has shown during this juncture."

Jorge Mario Velasquez
President of Grupo Argos

 
In April, S&P confirmed the AA + rating for Grupo Argos, changing the outlook from stable to positive, in recognition of the Business Group's response to the Covid-19 pandemic, the resilience in the portfolio and the good financial results of the first quarter of 2021.