trending Market Intelligence /marketintelligence/en/news-insights/trending/m6_zbhjlm0x3dlp4moq9eg2 content
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.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Fitch affirms CrediQ as credit quality improves

OTT Winners, Losers In The Age Of COVID-19

After Growing In 2019, Latam FTTP Market Might Slowdown In 2020 Due To COVID-19

Another Outcome Of COVID-19: Olympics Postponed

COVID-19 Crisis: Legacy TV Universe Strategic Analysis


Fitch affirms CrediQ as credit quality improves

Fitch Ratings on Sept. 29 affirmed CrediQ SA de CV's long- and short-term national ratings atBBB-(slv) and F3(slv), respectively, with a stable outlook on the long-term rating.

According to Fitch, the company's ratings primarily reflect challengesassociated with its business model specialized in auto financing, which is sensitiveto environmental conditions.

The ratings also consider lower flexibility in the firm's fundingstructure, as well as its strong profitability, improvements in credit quality andadequate capitalization.

The rating agency noted that CrediQ's nonperforming loan ratiofell to 2.2% as of June from 3.9% in December 2015, driven by improvements in thecompany's collection management.

Fitch expects the firm's capitalization to remain adequate asa result of strong internal capital generation and moderate growth in the company'soperations.