Moody's Ratings (Moody's) yesterday affirmed all the ratings and assessments of Hoist Finance AB (publ), whilst also changing the outlook on the Group's long-term issuer and senior unsecured debt ratings to positive (from stable).

Moody's writes that the positive outlook on Hoist Finance's long-term issuer and senior unsecured debt ratings reflects the Group's significant improvement in recurring profitability, which could drive an upgrade if sustained over the coming 12 to 18 months while capitalisation remains sound, and provided that there is an ongoing stability in management and board composition.

Hoist Finance's CEO, Harry Vranjes, comments: "I see the rating upgrade from Moody's last year, and yesterday's change of outlook from stable to positive, as reflecting the success of our continued work to build a continuously stronger and more stable Hoist Finance. As we progress on our journey towards becoming the leading NPL asset manager in Europe, maintaining our Investment Grade-rating is a key pillar of our funding strategy."

Find Moody's press release attached.

For more information, please contact:

Karin Tyche, Chief Investor Relations Officer

ir@hoistfinance.com

+46 76 780 97 65
 

About Hoist Finance

Hoist Finance is an asset manager specialised in non-performing loans. For more than 25 years, we have focused on investing in and managing debt portfolios. We are a partner to international banks and financial institutions across Europe, acquiring non-performing loan portfolios. We are also a partner to consumers and SMEs in a debt situation, creating long-term sustainable repayment plans enabling them to convert non-performing debt to performing debt. We are present in 13 markets across Europe and our share is listed on Nasdaq Stockholm. For more information, please visit www.hoistfinance.com.