Standard & Poor`s reaffirms 'AA/A-1+' ratings and revises outlook to stable from negative
NEWS 12.06.2024

Standard & Poor`s reaffirms 'AA/A-1+' ratings and revises outlook to stable from negative

On 11 June 2024, S&P Global Ratings affirmed EUROFIMA's long- and short-term issuer credit ratings of 'AA/A-1+' and revised outlook to stable from negative.

During the past 1.5 years, EUROFIMA risk-adjusted capital ratio (RAC) improved, owing to the company's efforts to diversify its very concentrated loan book and stronger equity generation.

The stable outlook reflects S&P’s expectation that EUROFIMA's capital adequacy will remain strong, and the institution will preserve its relevance in the market, while funding and liquidity will remain robust.

Further information can be found here.