Fitch Ratings on June 5 affirmed Cooperativa Nacional de Educadores RL's long- and short-term national ratings at AA-(cri) and F1+(cri), respectively, with a stable outlook.
The ratings reflect the company's consolidated business model, high loss absorption capacity, ample liquidity and moderate profitability, among other factors. The firm also enjoys strong capitalization, with a Fitch core capital ratio of 21.7% as of March.
Cooperativa Nacional has managed to maintain robust asset quality as its 90-day nonperforming loan ratio is slightly below 1%, which compares favorably with the company's peers. Liquidity also remains solid, as the lender's liquid assets represented 45.9% of total deposits as of March, Fitch noted.
The stable outlook reflects the rating agency's expectation that the company has a high probability of maintaining its current risk profile in the foreseeable future.