Decisions Adopted by the Shareholders' Assembly of Grupo Argos
21 October 2024Decisions Adopted by the Shareholders' Assembly of Grupo Argos
Read moreFitch Ratings maintained Grupo Argos’ short- and long-term ratings at AAA (col) and F1+(col), with a stable outlook. One of the key factors of the rating is the company’s investment portfolio strength, which includes companies with low-risk ratings and adequate sector and geographical diversification, in addition to its growth strategy, which has demonstrated access to capital markets with the issuance of equity and debt that has enabled significant M&A operations in the past years.
The rating also considered the organization’s ability to maintain and manage a sturdy investment portfolio, composed mostly by companies listed in the Colombia stock exchange market, which reflects a low relationship between debt and the value of the portfolio, guaranteeing financial flexibility, something very relevant in the current situation.
“This rating is a reward for the consistent execution of Grupo Argos’ strategy and its consolidation as an infrastructure asset manager with an articulated and strategic portfolio in three large companies such as Cementos Argos, Celsia and Odinsa. This achievement keeps us optimistic about the future and encourages more than 14,000 employees to continue working with dedication in the multiple geographies where we serve”.
Jorge Mario Velásquez
CEO
This achievement was received while Grupo Argos maintains its commitment to sustainable and comprehensive management in all its businesses and operations, as an essential part of its strategy. In 2019, Grupo Argos was recognized by the Dow Jones Sustainability Index as the world’s most sustainable company in its sector for the third consecutive year.
Decisions Adopted by the Shareholders' Assembly of Grupo Argos
Read moreThe 2024 World's Best Employers ranking by Forbes and Statista recognized Grupo Argos as one of the best companies to work for worldwide
Read moreGrupo Argos Foundation commemorates the Inter-American Water Day by protecting more than 25 watersheds in Colombia and investing COP 6.9 billion
Read moreGrupo Argos is ranked among the top 10 most transformative, innovative, and sustainable companies in Colombia, according to Change Makers
Read moreGrupo Empresarial Argos' companies strengthened their performance in the S&P Global Sustainability Index and consolidated their leadership
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