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BRC Ratings - S&P Global indicated that the exchange of shares in Grupo Nutresa's food business has no impact on Grupo Argos' financial indicators and maintained the highest credit ratings
6 July 2023- The company maintains the AAA and BRC1+ credit rating on its long and short-term debt, the highest granted by the entity.
- Once all the operations contemplated in the Framework Agreement for the exchange have been carried out, Grupo Argos will receive 0.96 shares of Grupo Sura and 0.28 shares of Grupo Argos for each share in Grupo Nutresa.
BRC Ratings – S&P Global announced that the agreement reached with JGDB and Nugil, IHC Capital Holding, Grupo Nutresa and Grupo Sura for the exchange of Grupo Argos’ participation in the food business of Grupo Nutresa, does not represent a risk on the short and long-term debt payment capacity of the company, nor for its financial indicators.
In this sense, the AAA and BRC 1+ ratings for Grupo Argos were maintained, the highest granted by the entity, which indicates the structural soundness of the organization and its strength to meet its obligations.
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