Fitch Ratings reaffirmed Grupo SURA’s ratings along with stable outlooks for all three

  • Fitch Ratings confirmed Grupo SURA's international rating at 'BB+' along with a stable outlook.
  • The corresponding ratings report highlights the Group's regional diversification and the strength of its core investments.

The international rating agency Fitch Ratings confirmed Grupo SURA's credit ratings along with their stable outlooks,  highlighting the Company's strength, the diversification of its different lines of businesses and the consistent implementation of its business strategy throughout the region.

In its most recent review, Fitch Ratings ratified Grupo SURA's international issuer risk rating at 'BB+' along with a stable outlook, and confirmed its 'AAA (col)' long-term and 'F1+(col)' short-term ratings on the local market, these being the highest on a domestic level.

"Being able to maintain these ratings reflects the soundness of our investments, the Company’s  financial discipline and the consistency with which we have been implementing our long-term strategy," stated Juan Esteban Toro Valencia, Grupo SURA´s Chief Corporate Finance Officer.

Fitch's analysis also highlights Grupo SURA's diversified business profile, with operations in ten countries and a presence in the Financial Services industry in segments such as pensions, banking and insurance. It also highlights the strength of its key investments such as Grupo Cibest and the regional leadership of SURA Asset Management, together with the progressive reduction of its leverage.