S&P validates FOVISSSTE mortgage operation in adverse scenarios
Real Estate Market & Lifestyle/ Solili | February 22, 2021 |

The firm S&P Global Ratings confirmed the 'mxAAA' and 'mxA-1 +' ratings for the ISSSTE Housing Fund (Fovissste) as a long-term and short-term issuer, respectively, revalidating its financial stability in adverse economic scenarios and guaranteeing mortgage credits.

According to S&P Global Ratings, these ratings - confirmed on February 17 and which are located at the highest grade granted by the specialized firm - will remain stable and reflect the expectations of the public body.

S&P highlighted that the Fund is one of the main originators of mortgages in the country and is the second in terms of number of loans, since in 2020 it granted 49,232 financing for housing.
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