Quálitas Controladora B de C : S&P ratifies ratings
December 16, 2020 at 01:29 pm EST
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Mexico City, December 16th 2020
S&P Global Ratings ratifies Quálitas ratings
Qualitas Controladora, S.A.B. of C.V. ("Qualitas", "the Company" or "the Group") (BMV: Q*), informs its shareholders and the investment community that S&P Global Ratings made public the ratification of Qualitas ratings on December 11th, 2020.
"Ratings on QualCon reflect structural subordination to policyholders' obligations. Qualitas Controladora S.A.B. de C.V. (QualCon; BB+/Negative/--) is the non-operating holding company and parent of Qualitas Compañia de Seguros (Qualitas Compañia; mxAA+/Stable/mxA-1+) and Qualitas Insurance Co. (QIC; BBB-/Negative/--), which focuses on the Mexico-U.S.cross-border business. We refer to the three entities as Qualitas. QualCon also has smaller insurance operations in El Salvador, Costa Rica, and Peru."
"The negative outlook on the QualCon and QIC global scale ratings reflects that on the sovereign rating, which constrains Quálitas' group creditworthiness."
Qualitas (Q) is the largest auto insurance company in Mexico in terms of market share, with operations in El Salvador, Costa Rica, USA and Peru. Its specialized business model, based exclusively in auto insurance, has allowed the Company to provide top quality service under the largest network in Mexico. Qualitas is listed in the Mexican Stock Exchange (BMV) under the ticket "Q" (Bloomberg: Q*: MM)
IR Contacts
Santiago Monroy
Raquel Leetoy
smonroy@qualitas.com.mx
rleetoy@qualitas.com.mx
T: +52 (55) 1555-6056
T: +52 (55) 1555-6313
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Qualitas Controladora SAB de CV published this content on 16 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 December 2020 18:28:07 UTC
Qualitas Controladora SAB de CV is a Mexico-based holding company engaged in the insurance sector. The Company focuses on providing automobile insurance products. It offers insurance policies to car fleet owners, financial institutions and individual customers through four segments: Written premiums, Ceded premium, Unearned premiums reserve and Earned retained premiums. The Company is present in Mexico, the United States, El Salvador and Costa Rica. The Company operates through a number of subsidiaries, including Qualitas Compania de Seguros SAB de CV, Qualitas Financial Services Inc, Easy Car Glass SA de CV, Activos JAL and CristaFacil SA de CV, among others.
QUÁLITAS CONTROLADORA, S.A.B. DE C.V. 
