Sebastian Gallego's questions to Grupo Aval Acciones Y Valores (AVAL) leadership • Q3 2016
Question
Sebastian Gallego from Credicorp Capital asked about the potential impact on asset quality from mass transportation systems in Colombia and inquired about the leverage at the holding company level, noting a significant maturity scheduled for 2017.
Answer
President and CEO Luis Carlos Sarmiento clarified that the company had already prepaid the $600 million bond due in 2017, significantly reducing leverage. He noted that the holding company's double leverage is at a multi-year low of around 110%. Regarding mass transportation, he stated it was far too early to discuss potential credit extension or provide any financial estimates for such projects.