...Strategic Business Plans: On Sept. 10, 2021, Credito Real, S.A.B. de C.V., Sociedad Financiera de Objeto Multiple, Entidad No Regulada's (Credito Real) board of directors approved the sale of the SME portfolio, owned by CREAL Arrendamiento S.A. de C.V. (19.5% of Credito Real's total loans as of June 2021), along with the sale of its controlling interest in Credito Real USA Finance, LLC (5.0% of the total loan portfolio). The proceeds of the sale of the SME portfolio are expected to be used to repurchase market debt and reduce liquidity risks from the upcoming maturity of the CHF170 million bond in February 2022 if the entity is unable to refinance in the global market. Possible Effects from Projected Sale: In Fitch Ratings' view, the plans have a good probability of occurring within the next six months and, if properly executed, the approved plans could be positive for the entity's overall performance and reduce on-balance sheet risks, which in turn could offset partial losses in business...
