Ferratum Capital Germany GmbH

  • ISIN: SE0011167972
  • Land: Deutschland

Nachricht vom 03.04.2020 | 20:30

Ferratum Capital Germany GmbH: Fitch Downgrades Ferratum to B+/Negative on Coronavirus Disruption

Ferratum Capital Germany GmbH / Key word(s): Rating
Ferratum Capital Germany GmbH: Fitch Downgrades Ferratum to B+/Negative on Coronavirus Disruption

03-Apr-2020 / 20:30 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Fitch Downgrades Ferratum to B+/Negative on Coronavirus Disruption

Berlin, 3 April 2020 - Ferratum Capital Germany GmbH (a wholly owned subsidiary of Ferratum Oyj) announces that Fitch Ratings has downgraded Ferratum Oyj's Long-Term Issuer Default Rating (IDR) and the Long Term rating of senior unsecured notes issued by Ferratum Capital Germany GmbH from 'BB-' outlook stable to 'B+'/RR4 on increasing coronavirus-related risks. The Outlook on Ferratum's Long-Term IDR is Negative.

About Ferratum Group:

Ferratum Group is an international provider of mobile banking and digital consumer and small business loans, distributed and managed by mobile devices. Founded in 2005 and headquartered in Helsinki, Finland, Ferratum has expanded rapidly to operate in 23 countries across Europe, Africa, South and North America, Australia and Asia.

As a pioneer in digital and mobile financial services technology, Ferratum is at the forefront of the digital banking revolution. Ferratum has approximately 740,000 active customers that have an open Mobile Bank account or an active loan balance in the last 12 months (as at 31 December 2019).

Ferratum Group is listed on the Prime Standard of Frankfurt Stock Exchange under symbol 'FRU.' For more information, visit www.ferratumgroup.com.

Contacts:

IR@ferratum.com

https://www.ferratumgroup.com/investors/ir-contact


03-Apr-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



show this

GBC-Fokusbox

EQS Group: Rating lautet Kaufen

Die Vorzeichen für die EQS Group AG sind positiv. Ein wesentlicher Umsatztreiber für das Jahr 2020 sollte die Migration von Bestandskunden vom COCKPIT in das COCKPIT 2.0 bedeuten. Darüber hinaus erwarten wir ein gutes Wachstum in den übrigen Bereichen, da die EQS mit vielen Produkten auch von der Coronakrise profitieren kann. So werden z. B. Online-Hauptversammlungen, Webcasts und Telefonkonferenzen vermehrt gebucht: Unseres Erachtens sollte es auch zu einer höhere Anzahl an Pflichtmeldungen von Unternehmen kommen. Unser Kursziel liegt bei 91,50 €, das Rating lautet weiter Kaufen.

News im Fokus

Deutsche Lufthansa AG: Wirtschaftsstabilisierungsfonds stimmt dem Lufthansa Stabilisierungspaket zu

25. Mai 2020, 16:39

Aktuelle Research-Studie

Netfonds AG

Original-Research: Netfonds AG (von Montega AG): Kaufen

25. Mai 2020