trending Market Intelligence /marketintelligence/en/news-insights/trending/tXU0WwIGSwlJXxFM0Pt_eg2 content esgSubNav
In This List

S&P affirms Financiera Independencia amid stable financial performance


Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap


Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future


Street Talk | Episode 99 - Higher rates punish bond portfolios, weigh on bank M&A


Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch

S&P affirms Financiera Independencia amid stable financial performance

S&P Global Ratings on Dec. 6 affirmed Financiera Independencia SAB de CV's long-term global scale issuer credit rating at BB- and national scale ratings at mxBBB+/mxA-2, with a stable outlook.

The ratings reflect the Mexican lender's stable financial performance, sound market share in the microfinance sector, and its geographic diversification, S&P said.

The rating agency's projected risk-adjusted capital ratio for the bank averages about 9.4% for 2018 and 2019, and takes into account the company's stable internal capital generation and modest credit growth.

While the firm's asset quality metrics have remained stable, they still compare poorly to those of its peers, S&P said.

Financiera Independencia's stand-alone credit profile remains at "bb-."

S&P Global Ratings and S&P Global Market Intelligence are owned by S&P Global Inc.