Fitch Ratings, confirmed the credit rating to Consubbank, SA, as stable, on a long-term national scale, so that the Multiple Banking Entity continues with a favorable outlook in the market.
Consubanco was rated as “A-” in national currency in the long term, while the short term ratings were recognized as “F2”.
The above, because Fitch Ratings assured that Consubanco’s national ratings are driven by its intrinsic quality, which is reflected in the viability rating and a well-leveraged niche presence.
In addition, the rating agency detailed that the approval was considered based on the business profile of Consubbank, whose business model is concentrated and is characterized by being a recognized franchise focused on granting deductible payroll credits to public sector employees.
The ratings also take into account the bank’s well-controlled asset quality, reasonable levels of capital and profitability, and contained operational risks, Fitch Ratings explained.
It was also highlighted that Consubanco showed an ability to manage financing risk, since it maintained adequate levels of liquidity.
It is worth mentioning that the Multiple Banking institution has always stood out for offering innovative banking and financial products that allow it to satisfy the needs of its clients, due to its stability and healthy capitalization levels.
Branded Content is El Economista’s commercial content unit that gives value to brands with content worth reading.
Reference-www.eleconomista.com.mx