The rating agency, S&P Global Ratings, has reaffirmed Grupo SURA's 'BBB-'risk rating as an investment holding company. This confirmation applies to the credit ratings of both the issuer and the issue on a global scale.
Among the main reasons for making this determination, the rating agency made special mention of the fact that the Company has been able to withstand the economic impact of the pandemic. Similarly, analysts underscored the Organization’s responsiveness in the midst of a challenging environment and the amount of uncertainty prevailing on the markets.
Finally, S&P also stated that the Holding Company maintains adequate levels of liquidity and liability management, while considering that the recent debt issue for a total of COP 1 trillion that was placed in August 2020, achieved a bid-to-cover ratio of 2.23 times, thereby amply demonstrating the market's confidence in the Company at that time.