Mercado Libre Achieves Full Investment Grade Ratings from S&P, Fitch

Mercado Libre, Latin America's leading e-commerce and fintech platform, has achieved a full investment grade credit rating, following an upgrade by S&P Global Ratings to 'BBB-' with a stable outlook, complementing Fitch Ratings' similar upgrade in October 2024. This milestone reflects Mercado Libre's strong operational performance, improving profitability, and a conservative financial profile, with expected debt-to-EBITDA and debt-to-tangible equity ratios remaining well-managed. The rating agencies highlighted the company's vertically integrated ecosystem, including its marketplace, logistics, fintech, and advertising sectors, and its market leadership in key Latin American countries such as Brazil and Mexico. CFO Martín de los Santos emphasized that the dual investment grade ratings affirm Mercado Libre's disciplined execution, consistent growth, and commitment to democratizing access to commerce and financial services in the region. Financial analysts note that this upgrade positions Mercado Libre favorably in global capital markets, potentially lowering borrowing costs and enhancing investor confidence. The company's continued investments and expanding user base contribute to its robust credit quality and ongoing momentum.