Press Releases - BFF Banking Group
News & Media
Milan, 2nd October 2019 – BFF Banking Group (the “Group”) informs that today has received its first official rating by Moody’s, who assigned a long-term issuer rating of “Ba1” with positive outlook.
In particular, the rating agency Moody’s has assigned to Banca Farmafactoring the following ratings:
Long-term issuer rating: “Ba1”, positive outlook;
Long-term deposit rating: “Baa3”, positive outlook;
Short-term deposit rating: “P-3”;
Baseline credit assessment (BCA): “Ba3”.
Emanuele Bona, CFO, commented: “We are happy to announce that we have received an official public rating. Together with the establishment of the EMTN programme in November 2018, this will allow us to better access the debt capital markets and to promptly take advantage of a favourable interest rates’ environment, with the aim of further reducing our cost of funding and also diversifying our funding sources.”
The rating has also been published on BFF Group’s website www.bffgroup.com (Investors > Rating section).
For more information, please see Moody’s press release at the following link: https://www.moodys.com/research/Moodys-assigns-Ba1-first-time-issuer-rating-to-Banca-Farmafactoring--PR_411256.