S&P Global Ratings confirmed its ratings of long-term credit risk and senior unsecured debt of Grupo de Inversiones Suramericana, S.A. (Grupo Sura) of BBB- with a stable outlook.

The rating highlights the value of the investment portfolio (around USD 9.6 billion as of June 30, 2018), its adequate liquidity backed by its listed assets and stable property, and the strong credit quality of its main investment asset.

"We believe that the value of the assets portfolio of Grupo SURA will remain around USD 10 billion in the next two years, with more than 60% of the assets listed on the Colombian stock exchange, reflecting the robust liquidity of the assets of the company, "said the report issued by S & P Global Ratings.

Likewise, S & P indicated that the financial risk of Grupo SURA is moderate and its liquidity is adequate. "The strategic investment capacity of Grupo SURA remains in line with our expectations with adequate investment discipline, sound risk management policies and focus on generating returns for its shareholders through investments that have a good reputation and brand strength" , the rating agency said in the report.