DGAP-Ad-hoc: Ferratum Oyj / Key word(s): Rating
Ferratum Oyj: 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 *
Helsinki, 3 April 2020 - Ferratum Oyj (ISIN: FI4000106299, WKN: A1W9NS)
("Ferratum" or the "Group") 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 [1].
*Contacts:*
IR@ferratum.com
https://www.ferratumgroup.com/investors/ir-contact [2]
03-Apr-2020 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: Ferratum Oyj
Ratamestarinkatu 11 A
00520 Helsinki
Finland
Phone: +49 (0) 30 9210058-44
Fax: +49 (0)30 9210058-49
E-mail: ir@ferratum.com
Internet: https://www.ferratumgroup.com
ISIN: FI4000106299
WKN: A1W9NS
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1015605
End of Announcement DGAP News Service
1015605 03-Apr-2020 CET/CEST
1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=3fa5c737ea9db8fbd79f449420a64a54&application_id=1015605&site_id=vwd&application_name=news
2: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=77d2da58a8cf33341df2025f7b208e56&application_id=1015605&site_id=vwd&application_name=news
(END) Dow Jones Newswires
April 03, 2020 14:30 ET (18:30 GMT)
