BRC affirms AFP Colfondos rating

Tuesday, May 15, 2007

Colombian ratings agency BRC has affirmed its aaa rating on pension fund manager AFP Colfondos, the agency said in a report.

The rating is based on the company's effective processes and tools to manage market, credit, operating and liquidity risks as well as backup from parent company Citi (NYSE: C), BRC said.

Colfondos was the country's fourth largest pension fund manager as of March 31, commanding a 14.7% market share.

Start your 15 day free trial now!


Already a subscriber? Please, login

To read the full report in Spanish, go to this link