The risk rating agency Fix Scr, an affiliate of Fitch Ratings, kept Construir SA (a company of the Ecipsa Group) and the series IV negotiable obligation (ON) issued by the latter in “investment grade”.
After the April review, which included a specific analysis of the measures and the results obtained by the company during the first weeks of the pandemic, Fix Scr considered that the company reflects an adequate growth strategy based on customer advances, a Despite the slowdown in the real estate sector, in a recessive context, with a drop in real income and with the effects on collections.
“This was the product of ratifying the solidity of the company and the management capacity of the professional team in the face of the crisis,” said Walter Fuks, CEO of Grupo Ecipsa. The firm currently has 13,000 active clients in seven provinces. Given the complex context, he defined a benefit for his portfolio for the April, May and June installments.
“We reduced the value of the monthly installment by 15 percent, transferring that balance to the end of the plan, when there are no longer as many economic pressures as today,” explained Ezequiel Bonomo, senior commercial manager of Ecipsa.
The executive added that from the Experience area, all the particular cases of the clients that were presented have been addressed.
“We are not only interested in them arriving at their homes, today we care much more about their well-being,” Bonomo said.
The original text of this article was published on 05/20/2020 in our printed edition.
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