DGAP-Ad-hoc: Ferratum Capital Germany GmbH / Key word(s): Rating
Ferratum Capital Germany GmbH: Creditreform Rating Downgrades Ferratum Oyj
to BB/Negative on Coronavirus Disruption
05-May-2020 / 13:30 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.
*Creditreform Rating Downgrades Ferratum Oyj to BB/Negative on Coronavirus
Disruption *
Berlin, 5 May 2020 - Ferratum Capital Germany GmbH (a wholly owned
subsidiary of Ferratum Oyj) announces that Creditreform Rating has
downgraded Ferratum Oyj's solicited SME issuer rating from 'BBB-' outlook
stable to 'BB'. The Outlook on Ferratum's solicited SME issuer rating is
Negative.
Creditreform Rating states in their rating letter that the current rating
assessment is particularly characterized by the serious global disruption as
a consequence of the upcoming global financial and economic crisis.
*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]
05-May-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 Capital Germany GmbH
Helmholtzstraße 2 - 9
10587 Berlin
Germany
Phone: + 49 (0) 30 921005844
E-mail: ir@ferratum.com
Internet: www.ferratumgroup.com
ISIN: SE0011167972
WKN: A2LQLF
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1036001
End of Announcement DGAP News Service
1036001 05-May-2020 CET/CEST
1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=3fa5c737ea9db8fbd79f449420a64a54&application_id=1036001&site_id=vwd&application_name=news
2: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=77d2da58a8cf33341df2025f7b208e56&application_id=1036001&site_id=vwd&application_name=news
(END) Dow Jones Newswires
May 05, 2020 07:30 ET (11:30 GMT)
