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The international rating agency Fitch Ratings has raised the long-term national rating of Inmobiliaria Ruba, S.A. of C.V. A + (mex) & # 39; with a stable outlook, from & # 39; A (mex) & # 39; with a positive outlook.
Fitch Ratings stated that Ruba's rating improvement "(…) relies on its income diversification, both geographically and by type of housing, which allows it to mitigate cycles unfavorable in the industry (…). years Ruba has managed to adjust its sales mix between social housing and medium and residential homes (VMR) according to demand, achieving an annual growth of 18.7 % over the last 4 years, and the ratings are based on solid capital structure, maturity profile of its debt based on its cash flow generation and its robust liquidity enhanced by access to lines confirmed credit for an amount greater than his current debt (…). "
He mentioned that" (…) the increase in Ruba's rating reflects the resilience of the economic model of the 39, business across economic and industrial cycles, which translates into Profile solid financial position characterized by a strong liquidity profile and low leverage. It is expected that the company will maintain its ability to adapt to the business environment, while maintaining its financial structure consistent with the new rating level (…). "
In this regard, Jesús Sandoval Armenta, CEO of the developer, said that" for Ruba, this event represents a recognition of Fitch Ratings to the financial strategy and the growth of the company, because this improvement the rating is given despite a context of national and global uncertainty. "
" The "A +" rating also means a vote of confidence to the entire management team, in good operational and financial management of the organization, with a long-term vision in the company, "said the manager 19659003] Fitch's" A + "rating is the highest awarded in the # 39, housing industry of the country.
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