Bankaool, led by Moisés Chaves, has received good ratings almost two years after Grupo Omni de Chaves became the controlling group of the bank. During this time, the management has focused on sanitizing finances and developing a digital business model that required an initial investment of 120 million dollars in technology.
Moody's assigned Bankaool a long-term local currency deposit rating of BBB+.mx with a stable outlook and a short-term rating of A-2.mx. On the other hand, Fitch Ratings granted Bankaool a credit rating for the first time, giving it investment grade.
The bank's delinquency rate was 1.9 percent in September 2024, reflecting Bankaool's efforts to sanitize its portfolio over the past year. It is expected that in the coming weeks the bank will open some strategic branches, such as the one in Mazarik in Mexico City.
On another note, the store chain Waldo's, known for its affordable products, ventured into selling electric vehicles in 2022. So far, Waldo's had focused on general merchandise, clothing, and groceries, making this entry into the electric vehicle market a significant shift in its strategy.
The company Altos Hornos de México (AHMSA) is in a difficult situation after declaring bankruptcy. The resignation of the chairman of the Board of Directors and several board members has generated uncertainty regarding the management of the company's assets and the social and economic impact of its bankruptcy.
In another matter, controversy has arisen in the CDMX Secretariat of Administration and Finance due to the recent acquisition of year-end vouchers for 300,000 workers. Only one of the two competing companies met the requirement of presenting an affiliation agreement to the Central de Abasto (CEDA), raising debate about transparency in the procurement process.
