Moody’s upgrades Hoist Finance long-term issuer rating to Baa2

PRESS RELEASE

Stockholm, Sweden
25 September 2024
 

Moody’s Investors Service (“Moody’s”) has upgraded Hoist Finance AB’s (publ) ("Hoist Finance") ratings, including its senior unsecured debt ratings to Baa2 from Baa3, the long- and short-term issuer ratings to Baa2/P-2 from Baa3/P-3, and the subordinate debt ratings to Ba2 from Ba3. The outlook on the long-term issuer and senior unsecured debt ratings were set to stable.

Harry Vranjes, CEO of Hoist Finance, comments: “We are pleased to see that our continuous efforts to further improve operational excellence and performance are being acknowledged in this credit rating upgrade.”

For further information, please contact:

Karin Tyche, Chief Investor Relations and Communications Officer
[email protected]

+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 shares are listed on Nasdaq Stockholm. For more information, please visit hoistfinance.com.