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26 Mar 2020 17:06 | Relevant information
Moody’s confirms Banca Farmafactoring’s current ratings with a positive outlook

Milan, 26th March 2020 – Moody’s has confirmed Banca Farmafactoring’s current ratings with positive outlook, for both the Long-term issuer rating (“Ba1”) and the Long-term deposit rating (“Baa3”). The announcement comes out today, while Moody’s takes a negative action against 14 Italian banks.


The ratings assigned to Banca Farmafactoring S.p.A. by Moody’s are as follows:

  • 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, said: “Moody’s decision confirms BFF’s financial solidity, despite the critical phase due to the Covid-19 emergency. This also makes BFF the only bank in Italy rated by Moody's with a positive outlook.


For more information, please see Moody’s press release on the rating agency’s website, at the following link: