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Compartamos, S.A.B. de C.V and Subsidiaries Informs

December 6, 2011 6:19 PM EST
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MEXICO CITY--(BUSINESS WIRE)-- Compartamos, S.A.B. de C.V. and subsidiaries (“the Holding” or “the Company”) (BMV: COMPARC*) today announced that its main subsidiary, Banco Compartamos, S.A. Institución de Banca Múltiple (“Banco Compartamos” o “the Bank”), received a higher rating for its local long-term debt from Standard & Poors (“S&P”).

S&P announced the following:

• S&P raised the rating for credit risk and senior unsecured long-term debt of Banco Compartamos to ‘mxAAA’ from ‘mxAA’ and confirmed the short-term debt rating at ‘mxA-1+’. The outlook is “Stable”.

• Banco Compartamos’ ratings reflect its ‘adequate’ business position, a ‘very solid’ capital position and revenues, an ‘adequate’ risk position, however, the ratings also reflect the ‘lower than average’ funding compared to the overall sector in Mexico and ‘adequate’ liquidity.

• S&P estimates that the capitalization levels of the Bank will continue to be strong, based on its income generation capacity. Additionally, S&P expects that Banco Compartamos will maintain an important presence in the microcredit sector, which is reflected in a solid, stable business.

S&P issued a press release today stating the following (the press release from S&P can be read in its entirety at www.standardandpoors.com):

“Banco Compartamos’ ratings are based on its capitalization and income generation capacity, which we consider to be very strong. Additionally, its solid business stability and effective strategy, resulting in an important position within the Mexican microfinance industry, also support the Bank’s ratings.

Banco Compartamos has an ‘adequate’ risk position. Despite the high growth rates in the loan portfolio that the Bank has reported, and that we expect will continue to grow for the next 12-18 months, we consider that its vast experience and solid subscription policies will allow the Bank to maintain good asset quality. The track record for the Bank, in terms of credit losses, is adequate and we expect this trend to continue in the future.”

S&P concluded, “The Stable Perspective incorporated S&P’s expectations that Banco Compartamos will maintain its penetration rate in the microfinance sector, given the financing needs observed in this market.”

Company Description

Compartamos is a holding company whose objective is to promote, organize and manage all types of companies, national and internationally, subject to its investment policies. Compartamos was established in Mexico City in 2010. Compartamos shares began trading on the Mexican Stock Exchange on December 24, 2010 under the ticker symbol “COMPARC”.

Note on Forward-Looking Statements

This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management’s current view and estimates of future economic circumstances, industry conditions, Bank performance and financial results. The words “anticipates”, “believes”, “estimates”, “expects”, “plans” and similar expressions, as they relate to the Bank, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.

For additional information visit: www.compartamos.com

Compartamos, S.AB. de C.V.Insurgentes Sur 553, Ciudad de México, MéxicoT: +52 (55) 5276-7250Patricio Diez de Bonilla, Chief Financial OfficerEnrique Barrera, Investor Relations OfficerBeatriz Sánchez, Investor Relations[email protected]

Source: Compartamos, S.A.B. de C.V.



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