Rating: Ferratum Group wird von Fitch mit „BB-“ bewertet

Donnerstag, 14. März 2019

Adhoc-Mitteilung der Ferratum Oyj:

Ferratum Group assigned BB-/Outlook Stable in initial rating from Fitch

Ferratum Oyj (ISIN: FI4000106299, WKN: A1W9NS) („Ferratum“ or the „Group“) is pleased to announce that Fitch Ratings („Fitch“) has assigned the Group a Long-Term Issuer Default Rating („LTIDR“) of ‚BB-‚/Outlook Stable („Rating“).

The Rating is assigned at holding company level on the basis of Ferratum’s consolidated financial statements, which include Ferratum Bank p.l.c. In view of this and with Ferratum being majority owned by Jorma Jokela, Group founder and CEO, no institutional support was factored into the Rating. Consequently, Ferratum’s LTIDR is based on Fitch’s standalone assessment of the Group.

The Rating is in addition to the Group’s credit rating of BBB+ from Creditreform Rating AG, a German rating agency.

Dr. Clemens Krause, Chief Financial Offer and Chief Risk Officer, commented: „We are delighted to receive a credit rating assessed to international statistical standards by one of the top three global credit rating agencies. The rating reflects Fitch’s favourable assessment of Ferratum’s through-the-cycle profitability, capital adequacy and approach to risk provisioning for a diversified franchise of online and mobile consumer loans spanning more than 20 countries.“

Fitch’s full-length rating report, including the key assumptions and sensitivities upon which the rating is derived, can be found on Ferratum’s website: https://www.ferratumgroup.com/

With this release, Ferratum Oyj publishes inside information.

Ferratum Oyj

Foto: pixabay.com

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