Credivalores 'B+/B' Ratings Affirmed On Adequate Risk-Adjusted Capitalization; Outlook Remains Stable

Nov 16, 2015, 13:15 ET from Credivalores

BOGOTA, Colombia, Nov. 16, 2015 /PRNewswire/ -- Credivalores-Crediservicios SAS, a non-bank financial company leader in the origination of consumer loans for the working class in Colombia, announces that Standard & Poor's affirmed the company's ´B+´ long-term and ´B´ short- term international issuer credit ratings.

According to Standard & Poor's:

In our view Credivalores' business position remains "adequate", reflecting a diversified business structure, a good market position in Colombia, stable and increasing operating revenues, and no drastic concentrations in terms of customer, segment, and geography. Moreover, we consider the firm's management team to have sound experience in its main business lines and a long track record in financial markets.

Credivalores is a company dedicated to providing four business lines, placing the most emphasis on payroll discount loans and credit cards. In our opinion, as we have seen over the past several years, revenues are less sensitive to market perceptions of creditworthiness compared to other local and regional non-bank financial institutions due to their less-risky business products.

Even though non-bank financial institutions continue to face intense competition, Credivalores has maintained growth above the market average and a diversified loan portfolio with no significant concentrations."

David Seinjet, Credivalores president said: "We welcome Standard & Poor's affirmation of our ratings, as they confirm the business strengths that we have been developing over the years. Undoubtedly, this rating is very important for our future plans and the development of our business lines."

Complete ratings information is available to subscribers of RatingsDirect at and at All ratings affected by this rating action can be found on Standard & Poor's public Web site at


Credivalores - Bogota, Colombia.

IR Consulting

Ms. Natalia Cucalon

Alejandro Ramirez Arcia

Phone: (571) 3137500

Phone: (+5255) 5980-9923




Investors Relation Agency

About Credivalores: Credivalores is a leading Colombian non-bank financial company that offers consumer lending products like payroll deduction loans and credit cards collected through public utilities to low and middle income segments of the population underserved by the financial system. The company manages a loan portfolio of over COP$1.1 billion (US$360 million) and is currently rated B+/ B by Standard and Poor's.

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SOURCE Credivalores