This report does not constitute a rating action. MEXICO CITY (S&P Global Ratings) March 27, 2024--S&P Global Ratings said today that Auna S.A.?s (B+/Stable/--) IPO of 30 million Class A ordinary shares for $360 million is leverage neutral and won?t have an impact on the company?s credit profile. Auna will use the net proceeds from the offering, estimated at $336 million, to buy back the minority interest of 21% of its subsidiary Auna Salud S.A.C., increasing Auna?s ownership of the subsidiary to 100%. Consequently, the company will partially repay $329 million of its financial sponsor financing from shareholders, used to fund the acquisition of assets in Mexico and Colombia in the second half of 2022. Any remainder from the IPO
