economy
Fitch raises Multiva financial institution's rating after strengthening its specialization model
Mexico City, and (EFE).- Rating agency Fitch Ratings raised the rating of Banco Multiva and Casa de Bolsa Multiva, considering that the institution consolidated its business model and maintained sustained growth in recent years, driven by a strategy focused on infrastructure, energy, and government.
TL;DR
- Fitch Ratings upgraded Banco Multiva and Casa de Bolsa Multiva to 'A+(mex)' with a Stable Outlook.
- The upgrade is due to the consolidation of its business model and sustained growth.
- A strategy focused on infrastructure, energy, and government has driven growth.
- Key factors supporting the upgrade include increased loans, deposits, operating income, and improved profitability.
- Banco Multiva reported total operating income of 1.596 billion pesos in Q1 2026, a 30.6% year-on-year increase.
- Fitch highlighted the stability provided by Multiva's fiduciary business and its expertise in financing government entities.
- The bank is expected to maintain sustained income generation.
- Multiva aims to consolidate its specialized model and expand its presence in strategic projects.