Two independent rating agencies highlight Grupo Argos' profitability maximization strategy and its solid capital structure

14 June 2022
  • Recently, Grupo Argos was recognized with the AAA rating, the maximum granted, by S&P and Fitch Ratings, confirming the company’s long-term strategy and its results.
  • These ratings allow Grupo Argos to access financing options at a lower cost and to be a more attractive company for national and foreign investors.
  • In recent years, the organization has shown a downward trend in consolidated leverage levels, going from a Net Debt/EBITDA indicator of 3.8x in 2014 to 2.9x as of March 2022.
  • These ratings also confirm the solid position of Grupo Argos’ businesses, recognize the diversification of its investments and its ability to make its operations more flexible in adverse conditions.

With the AAA rating granted by S&P in May and ratified by Fitch Ratings in June 2022, Grupo Argos confirms its long-term strategy, its commitment to maximizing profitability and highlights its recent financial results, presenting a 28% increase in EBITDA and 118% in controlling net income, if compared to the same period last year.

These ratings, the highest granted by credit entities, indicate the company’s ability to meet its financial obligations, allow it to access financing options at lower cost and attract investment capital to continue strengthening its business in the infrastructure sector. Some of the initiatives of Grupo Argos that have made it possible to acquire this result are credit quality, stability in the flow of dividends, the decrease in the organization’s leverage indicators and its ability to make the operation more flexible even in adverse conditions, as evidenced by the pandemic.

The rating upgrade also confirms the solid position of Grupo Argos’ businesses and investments, the diversification of its portfolio and its high market share in Colombia. In the last eight years, the organization has reduced its consolidated leverage ratios, going from a Net Debt/EBITDA ratio of 3.8x in 2014 to 2.9x as of March 2022.

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