trending Market Intelligence /marketintelligence/en/news-insights/trending/k514-cyiere0tfmr_xz0pa2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Fitch affirms Financiera Finca Nicaragua's ratings

Street Talk Episode 41 - How to Win the Funding Battle, Use Fintech to Play Offense

Forward Spark Spreads Suggest Rising Profitability Of US Renewables As Sector Matures

MA Activity The Big Story In Mature Online Video Platform Market

Martina Cheung Backs The Quality Program


Fitch affirms Financiera Finca Nicaragua's ratings

Fitch Ratings on Dec. 22 affirmed Financiera Finca Nicaragua SA's long- and short-term national ratings at BBB+(nic) and F2(nic), respectively. The outlook on the long-term rating is stable.

In affirming the ratings, Fitch pointed to the company's "intrinsic financial performance, which considers its improved financial performance, good credit quality and pressure capitalization."

The action also took into account its membership with U.S.-based NGO Finca International, which focuses on financing micro enterprises, Fitch said.

Fitch said it views Finca Nicaragua's level of coverage reserves for bad loans to be adequate, with the rating agency expecting the company's delinquency ratio holding close to the 1.1% ratio seen at September.

"In Fitch's opinion, the entity monitors its liquidity risk adequately and its funding is contracted in accordance with its portfolio's profile," the rating agency said. "In addition, asset and liability management benefits from the rapid recovery of its loans and the predictability of its funding structure."

The company's capital, however, is under pressure and is on a decreasing trend as asset growth has come in substantially higher than internal capital generation, Fitch noted. The rating agency does not foresee "material changes in capitalization levels in the medium term, given the entity's growth targets."