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Pendulum Associates S.A. de R.L

Cotizador de inmuebles a paquetes
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Description of the Rating

Primary Asset Administrator


What does it mean?

The Primary Credit Manager qualified as "HR AP2 +" with a stable perspective, exhibits high quality in the administration and / or origination of credits. Its organizational structure has experienced human capital. Its procedures and controls, as well as risk management systems are good, and it has sound financial soundness.

The "+" sign represents a position of relative strength within the same qualification.

Qualification criteria.

The upward revision of the credit rating for Pendulum is based on the fact that the Company has maintained an adequate management of its assets, resulting in a greater number of resolutions. The adequate operational management of the credits is based on the continuous strengthening of its technological tools, allowing it to prepare adequate reports, both for the institutions that request them and for the accredited ones. On the other hand, the bucket with more than 180 days of delay increased significantly, due to the incorporation of new portfolios. In spite of the increase observed, the Company has demonstrated a high capacity to recover past-due loans, especially with a non-performing loan portfolio. Likewise, the evolution observed in credits with legal status was taken into account. Also, the proper geographic distribution maintained by the Company is taken into account.


From HR Ratings:
http://www.hrratings.com/es/doc/Escalas de Calificacion
de HR Ratings.pdf