Fitch Ratings elevó la calificación nacional de largo plazo de Banco Multiva y Casa de Bolsa Multiva de ‘A(mex)’ a ‘A+(mex)’, con Perspectiva Estable. La mejora refleja la evolución positiva de su perfil financiero, resultado de una estrategia enfocada en el crecimiento sostenible, la especialización sectorial y el fortalecimiento operativo.

According to the rating agency, the institution has shown significant progress in profitability, revenue expansion and balance sheet consolidation. It also highlighted a consistent improvement in its funding and liquidity structure, factors that support its ability to maintain stable revenue generation in the medium and long term.

A model specialized in key sectors

In recent years, Multiva has consolidated its presence in strategic industries for the country’s development, such as infrastructure, energy, water, agribusiness, real estate development and government financing.

Its business model is distinguished by the structuring and accompaniment of complex projects, which has allowed it to differentiate itself within the Mexican financial system. This specialization strengthens its capacity to address long-range initiatives and respond to the needs of sectors with high economic and social relevance.

Sustained growth and revenue diversification

At the end of the first quarter of 2026, Banco Multiva reported operating income of Ps. 1,596 million, an increase of 30.6% compared to the same period of the previous year.

Fitch also highlighted the strengthening of the trust business and the diversification of income sources as key elements for the institution’s financial stability. In addition, it recognized Multiva’s experience in financing government entities, states and municipalities as a strategic component of its operation.

A consistent long-term strategy

The rating upgrade is recognition of Multiva’s disciplined and continuous strategy, focused on orderly growth, the strengthening of its financial structure and the development of specialized capabilities.

In an environment that demands institutions with strategic vision and execution capacity, Multiva’s evolution reflects its commitment to promote projects that contribute to Mexico’s development, backed by operational strength, technical expertise and a long-term approach.

For Grupo Vazol, the strengthening of Multiva represents a source of institutional pride and a demonstration of the value generated by a strategy focused on specialization, financial discipline and long-term vision. It also reaffirms Multiva’s role as a strategic ally in the promotion of projects that strengthen economic growth, infrastructure development and the transformation of key sectors in the country.