Grupo Argos was ratified as an AA+ issuer by S&P thanks to its financial soundness19 May 2020
The credit rating agency S&P (BRC Investor Services) ratified its AA+ rating for Grupo Argos, with a stable outlook. This rating is arrived at based on an analysis of the company’s financial capacity and its operations to ensure business continuity.
The rating agency’s report highlights the organization’s strategic clarity that has been executed with coherence and discipline over recent years, together with its financial results at the end of 2019, a year in which the organization reorganized its corporations to optimize its equity structure and moved forward with generating value from its infrastructure assets in the construction materials, energy and concessions sectors.
We receive the ratification of an AA+ rating from S&P under current conditions with satisfaction. This is a recognition of the coherence with which Grupo Argos has been implementing its strategy at this critical juncture. Today our efforts are focused on caring for our people and minimizing short-term impacts, while remaining optimistic and maintaining our long-term vision.””
Jorge Mario Velásquez
CEO of Grupo Argos
In its report, the rating agency highlighted an appropriate strategy for guaranteeing liquidity in the cement, energy and highway and airport concessions businesses, and a proven capacity to access equity markets and funding through the financial system.
Equity and diversity
Grupo Argos recognized by Forbes as one of the World's Top Companies for Women 2023 for its gender equality practices3 November 2023
Forbes and Statista's World’s Best Employers ranking highlighted Grupo Empresarial Argos as one of the best companies to work for globally.19 October 2023
Two Colombian companies made it to the ranking, which assessed companies from 50 countries through over 170,000 surveys. Grupo Empresarial Argos placed 268th thanks to its talent, diversity, and inclusion strategy, which has enabled it to promote inclusive environments that value and respect each of its employees.
Grupo Empresarial Argos' companies consolidate their reputation among the best in Colombia according to Merco18 October 2023
For the third consecutive year, Grupo Argos held the top position as the business conglomerate with the best reputation in the country, highlighting the company's strategic role in the growth and positioning of its businesses as regional infrastructure platforms. In the overall ranking, the company reached the 10th position.
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.