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In 2023, 45% of Grupo Argos' revenue came from 20 countries and territories outside of Colombia
22 July 2024In 2023, 45% of Grupo Argos' revenue came from 20 countries and territories outside of Colombia
Read moreFitch Ratings reaffirmed Grupo Argos’ credit rating at AAA (col) with a stable outlook, demonstrating the company’s operational and strategic strength in consolidating its leadership in the infrastructure sector. This result validates the solidity of Grupo Argos’ business model and the strategic transformation it has achieved over the past two years to establish itself as an infrastructure asset manager.
The rating also highlights the strength of the company’s credit profile, supported by a long-term capital structure and disciplined financial management. With favorable debt-to-EBITDA and debt-to-dividend metrics averaging below 2.5 times, Grupo Argos is positioned to maintain stable and robust financial projections in the medium to long term.
“The reaffirmation by Fitch Ratings confirms the strength of our strategy as asset managers, the financial solidity of the company and its businesses, and the consolidation of Grupo Argos as a benchmark of stability and growth in the infrastructure sector in the Americas.”
Alejandro Piedrahita Vice President of Strategy and Corporate Finance
Among other reasons, Fitch considered the following elements for this rating affirmation:
Fitch Ratings’ credit rating reflects confidence in Grupo Argos’ ability to maintain prudent and effective management to continue leading the infrastructure industries in which it participates.
In 2023, 45% of Grupo Argos' revenue came from 20 countries and territories outside of Colombia
Read more100.000 people in 18 departments of the country can now enjoy safe drinking water thanks to the water security efforts of Grupo Argos Foundation
Read moreGrupo Empresarial Argos has intervened in over 8,400 hectares through mandatory compensation processes and more than 20,000 hectares in voluntary programs
Read moreCompanies within Grupo Empresarial Argos have executed over USD 100 million in their share repurchase programs
Read moreThe common stock of Grupo Argos surpassed COP 17,000, recovering the price levels prior to 2020
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