Fitch Ratings confirmed Grupo Argos' long- and short-term credit ratings at AAA (col) and F1+ (col), the highest possible, with a stable outlook6 June 2022
- The ratings are given thanks to the stability in the flow of the Grupo Argos dividends, its investment portfolio made up of companies in the best credit rating ranges, the decrease in the organization’s leverage, the greater contribution of the Urban Development Business and a solid capital structure.
- The positive assessment by Fitch Ratings is added to the AAA credit rating recently awarded by S&P Global to Grupo Argos in recognition of the structural soundness demonstrated by the organization and the favorable prospects for its businesses.
- In line with the value maximization strategy that has led to reducing its debt and its expense/investment ratio by more than 28 basis points over the last five years, in the short term, Grupo Argos expects to continue reducing its leverage level separately between 5% and 10%.
Fitch Ratings affirmed Grupo Argos’ long-term AAA and short-term F1+ credit ratings, the highest possible, with a stable outlook. Among other criteria, the favorable rating took into account the credit quality and stability in the flow of dividends received by the company from investments and enabled the organization to reduce its debt, reaching an indicator of 3.5 times net debt / EBITDA, with the goal of continuing to reduce it to 3.0 times in the short term. The ratings also considered the company’s robust capital structure, adequate liquidity and solid investment portfolio in companies also located in the best credit ranges.
Grupo Argos Foundation
The Grupo Argos Foundation and Terraformation sign an alliance to drive an ambitious carbon offset project through the planting of over 2.3 million native tree species in the southwestern region of Antioquia11 September 2023
Terraformation has selected the Grupo Argos Foundation's participatory ecological restoration program, "Sembrando Futuro," from among more than 200 applications in the inaugural cohort of its Forest Carbon Accelerator. This initiative stands as the sole selection in Latin America.
Grupo Argos supported the transaction in which Cementos Argos will combine its operations in the United States with Summit Materials, a company listed on the New York Stock Exchange.7 September 2023
The transaction was promoted by Grupo Argos in its role as an asset manager and majority shareholder of Cementos Argos, marking a significant milestone in the company's history of growth and value creation since its entry into the U.S. market in 2005.
The National University of Colombia and the Grupo Empresarial Argos launch the third cohort of the Sustainability Chair for more than 10,000 undergraduate students in Colombia.6 September 2023
Creamos Valor Social
Over 450 social and community leaders from Medellín, along with students, entrepreneurs, and volunteers from the Argos Group, connected with their life purpose through the "Creamos Valor Social" program.6 September 2023
The event "A Life with Purpose and Gratitude" was led by Nicolás Mejía, an entrepreneur in the automotive sector, a member of various boards of directors, teacher, and speaker from Medellín. He shared with attendees easily applicable tools to connect with their life purpose and achieve success both personally and professionally.