- This Standard & Poor's rating reinforces Afore SURA's commitment to its clients and its mission towards building a better future.
Mexico City, September 11, 2023.- Standard & Poor's, one of the most important rating agencies in the world, with over 150 years’ experience and operations in 128 countries, granted Afore SURA its highest “AMP1-Very Strong” rating for its solid investment process.
According to the rating agency, Afore SURA has clearly defined investment guidelines and carefully established risk limits that allow the firm to adequately manage its portfolios, as it highlights its full compliance with the guidelines established by the regulatory framework of Mexico’s Commission for the Retirement Savings System (CONSAR).
Standard & Poor's believes that Afore SURA has an adequate structure of committees, processes, controls and systems to execute its strategic objectives and is expected to maintain a solid business profile reflected in its important market position within Mexico’s retirement savings system, in addition to the manager’s stable financial position.
In short, this rating recognizes Afore SURA’s:
- Solid investment process and outstanding market position within Mexico’s pension system as the largest participant in terms of assets under management.
- Clear definition of investment goals and risk limits, as well as an adequate structure of committees, processes, controls and systems to manage portfolios.
- Best practices thanks to its robust professional structure, with the necessary capabilities and experience to meet the company’s strategic objectives.
According to Emilio Bertrán, CEO, Afore SURA, being recognized by Standard & Poor's “is the result of the commitment, consistency and level of sophistication of our investment processes. At Afore SURA we seek to offer the best service experience and deliver the best returns for our clients.”
This rating marks a significant milestone in the company's ongoing commitment to excellence in retirement savings and its strong aim at helping customers build a better retirement today. In addition, this joins other achievements such as the award from Morningstar, the largest investment rating agency in the world, which has ranked Afore SURA with the highest post among Mexican Afores for the fourth consecutive year, as the “Pension Fund of the Year” according to the prestigious magazine The European.
Afore SURA reiterates its commitment to its more than 7 million clients to protect and always seek the best returns to help them build a better retirement starting today.
About SURA Asset Management
SURA Asset Management is a firm expert in retirement savings, investment and asset management with operations in Chile, Mexico, Colombia, Peru, El Salvador, Uruguay, US and Argentina. It is an affiliate of Grupo SURA, with other minority shareholders. As of December 2022, SURA Asset Management reported USD 140.0 trillion in AUM, for nearly 23 million clients in the region.
Press Contacts:
SURA AM México
Jacqueline Briones
[email protected]
Carral Sierra
Flor Zepeda
[email protected]
