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S&P affirms Inversora Bursátil, SOFOM Inbursa

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S&P affirms Inversora Bursátil, SOFOM Inbursa

Following an affirmation of Banco Inbursa SA Institución de Banca Múltiple Grupo Financiero Inbursa, S&P Global Ratings on Aug. 9 affirmed Inversora Bursátil SA de C.V. Casa de Bolsa Grupo Financiero Inbursa's long- and short-term issuer credit ratings at mxAAA and mxA-1+, and SOFOM Inbursa SA de C.V. SOFOM ER Grupo Financiero Inbursa's long- and short-term debt ratings at mxAAA and mxA-1+.

S&P believes Banco Inbursa will continue to penetrate the retail segment through subsidiary SOFOM Inbursa, which it renamed following the merger between Sociedad Financiera Inbursa and CF Credit Services SA de CV SOFOM ER earlier in 2017.

The rating agency considers both Inversora Bursátil and SOFOM Inbursa as core entities of Banco Inbursa, and their status will not change in the near future.

The two units remain integral to the group's general strategy, including expansion in the retail segment. S&P adds that Inversora Bursátil offers services other units of the group cannot offer, due to regulations.

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