MEXICO CITY--(BUSINESS WIRE)--UNIFIN Financiera, S.A.B. de C.V. SOFOM, E.N.R. (BMV: UNIFIN) (“UNIFIN” or “the Company”), today announced that credit ratings agency Standard & Poor’s affirmed UNIFIN’s rating of ‘BB’ on a global scale and ‘mxA/mxA-2’ on a national scale. The outlook is ‘Stable’.
According to Standard & Poor’s, the stable outlook reflects the expectation that UNIFIN’s forecasted risk-adjusted capital (“RAC”) ratio will remain at a level that considers the Company’s business operating results, in a loan portfolio growth scenario, maintaining healthy asset quality indicators.
To obtain the press release issued by Standard & Poor’s, please visit www.standardandpoors.com.
UNIFIN is the leading independent leasing company in Latin America, operating as a non-banking financial services company, specializing in three main business lines: operating leasing, factoring and auto and other lending. Through UNIFIN’s leasing business line, its core business line, the Company offers operating leases for all types of equipment and machinery, various types of transportation vehicles (including cars, trucks, helicopters, airplanes and other vessels) and other assets in a variety of industries. Through its factoring business line, UNIFIN provides liquidity and financing solutions to its customers by purchasing or discounting accounts receivable and by providing vendor financing. UNIFIN’s auto loans business line is focused on financing the acquisition of new and used vehicles.
This document may contain certain forward-looking statements. These statements are non-historical facts, and they are based on the current vision of the Management of Unifin Financiera, S.A.B. de C.V., SOFOM, ENR for future economic circumstances, the conditions of the industry, the performance of the Company and its financial results. The terms "anticipated", "believe", "estimate", "expect", "plan" and other similar terms related to the Company, are solely intended to identify estimates or predictions. The statements relating to the declaration or the payment of dividends, the implementation of the main operational and financial strategies and plans of investment of equity, the direction of future operations and the factors or trends that affect the financial condition, the liquidity or the operating results of the Company are examples of such statements. Such statements reflect the current expectations of the management and are subject to various risks and uncertainties. There is no guarantee that the expected events, trends or results will occur. The statements are based on several suppositions and factors, including economic general conditions and market conditions, industry conditions and various factors of operation. Any change in such suppositions or factors may cause the actual results to differ from expectations.