Higher profitability drove improvement in the rating of a bank focused on digital financial innovation
The ratings agency FIX upgraded Banco Coinag's long-term rating to A-(arg) while maintaining its short-term rating at A2(arg). The bank has excelled in the digital ecosystem with over 100 million monthly transactions and has expressed its commitment to financial innovation. According to FIX, increased profitability and the performance of public securities were key factors in this upgrade.
By El Cronista
