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.
Grupo Argos' Shareholders Assembly approved a dividend of COP 636 (+10.6%), following the company's best financial results in 90 years
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The scholarships will give information professionals access to one of the programs built by Mis Propias Finanzas, focused on the functioning of the stock market.
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Students from all majors and from seven campuses of the University will learn firsthand about the economic, environmental, social, and governance realities and challenges of the construction materials, energy, and road and airport concessions industries.
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