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    Q *   MX01Q0000008

QUÁLITAS CONTROLADORA, S.A.B. DE C.V.

(Q *)
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Quálitas Controladora B de C : S&P ratifies ratings

12/16/2020 | 01:29pm EDT

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."

The full S&P report is available at:

RatingsDirect_QualitasControladoraSABdeCV_46774092_Dec-14-2020.pdf

About Qualitas

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

1

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

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


© Publicnow 2020
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Sales 2021 37 285 M 1 833 M 1 833 M
Net income 2021 3 839 M 189 M 189 M
Net Debt 2021 - - -
P/E ratio 2021 9,91x
Yield 2021 4,36%
Capitalization 37 418 M 1 818 M 1 839 M
Capi. / Sales 2021 1,00x
Capi. / Sales 2022 0,94x
Nbr of Employees 5 164
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Technical analysis trends QUÁLITAS CONTROLADORA, S.A.B. DE C.V.
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
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Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 93,35 MXN
Average target price 119,46 MXN
Spread / Average Target 28,0%
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NameTitle
José Antonio Correa Etchegaray Chairman & Chief Executive Officer
Bernardo Risoul Finance Management
Maria del Pilar Moreno Alanis Director & Director-Technical
Juan Orozco y Gómez Portugal Independent Director
Mauricio Domenge Gaudry Independent Director
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