Press Releases - BFF Banking Group
News & Media
Milan, 22nd January 2021.
Today Moody’s has confirmed all Banca Farmafactoring S.p.A. (“BFF”) current ratings, with Developing outlook for the Long-term Issuer Rating (“Ba1”) and Positive outlook for the Long-term Bank Deposits Rating (“Baa3”). The Developing outlook reflects the agency’s view that there could be positive or negative pressure on the rating, depending on the successful execution of the acquisition of DEPObank – Banca Depositaria Italiana S.p.A., expected to be completed by the end of 1Q 2021.
To sum up, the ratings assigned to BFF by Moody’s are as follows:
- Long-term Issuer Rating: “Ba1”, Developing outlook;
- Long-term Bank Deposits Rating: “Baa3”, Positive outlook;
- Short-term Bank Deposits Rating: “P-3”;
- Baseline Credit Assessment (BCA): “Ba3”.