- With the rating, Standard & Poor´s validates the commitment of Afore SURA with its clients and its mission to build a better future for everyone.
Mexico City, June 3, 2024. - A
Afore SURA was once again awarded the AMP-1 (Very Strong) rating from Standard and Poor’s in third-party resource management practices. The rating agency, with more than 150 years of experience and operations in 128 countries, said that Afore SURA has clearly defined investment guidelines and carefully established risk limits.
Standard and Poor's believes that Afore SURA is in compliance with the guidelines established by the regulatory framework of Mexico’s Commission of the Retirement Savings System (CONSAR). Also, it is looking forward to Afore SURA’s continued solid business profile, which is reflected in its market position, in addition to its stable financial status.
As classifying factors, in terms of strength, S&P considered the following:
- Clear definition of investment objectives and risk limits, as well as an adequate structure of committees, processes, controls and systems to manage their portfolios.
- Solid organizational structure comprised of a team of professionals with the necessary capabilities and experience to meet the company strategic objectives.
- Outstanding market position within the Mexican pension system being the fourth largest participant in terms of AUM.
- Strategic relevance for the SURA Asset Management group (not qualified) as the most relevant subsidiary within the region in terms of managed assets, income generation and dividend payments.
At the end of April 2024, workers' resources managed by Afore SURA totaled 925.8 billion Mexican pesos (MXN) distributed in 7.7 million accounts.
“With this recognition, we reiterate our commitment to our more than 7 million clients to protect and always seek the best returns to allow them to build a better retirement today; in addition to continuing to operate under Environmental, Social and Corporate Governance (ESG) criteria. For us, it is very important to remain up to date as a company that has received multiple awards from different rating agencies with the highest standards,” said Emilio Bertrán, CEO, Afore SURA.
Afore SURA is consolidated today as one of the best positioned companies in the industry, as evidenced by the rating from Standard and Poor's for its excellence in retirement savings; which adds to other achievements of the company, such as being ranked with the highest position among the Mexican Afores for four consecutive years by Morningstar, the largest investment rating agency in the world, and being recognized as the “Pension Fund of the Year” by the prestigious magazine The European for a fourth consecutive year.
