European rating agency. Objective, transparent, independent.
European rating agency. Objective, transparent, independent.

Ferratum Oyj (Konzern)

Rating History

Rating Watch Outlook Decision Date Action Validity Date Maximum Validity
BB Outlook NEG 29.04.2020 05.05.2020 31.08.2020
BBB- Watch NEW 19.03.2020 26.03.2020
BBB- Outlook STA 15.04.2019 18.04.2019
BBB+ Outlook STA 15.03.2018 16.03.2018
BBB+ Outlook STA 31.03.2017 04.04.2017 30.03.2018
BBB+ 01.06.2016 02.06.2016 31.03.2017
BBB Watch UNW 29.04.2016 02.05.2016 31.03.2017
BBB 01.04.2016 04.04.2016 31.03.2017

News

  • 05.05.2020
    As part of the follow-up rating, Creditreform Rating has set Ferratum Oyj's SME Issuer Rating at BB and the outlook at "negative". The main reasons for this are the current macroeconomic disruptions, which, according to the CRA, will result increasingly from the COVID 19 epidemic and will affect the Ferratum Group to a significant extent. The CRA assumes lasting negative implications for the business model of the Ferratum Group - and thus for the development of risks, earnings and assets.
  • 26.03.2020
    As part of its monitoring during the year, Creditreform Rating added the addition “watch negative” to the SME issuer rating of Ferratum Oyj. The rating outlook no longer applies. The main reasons for this are the current macroeconomic upheavals, which in the opinion of CRA, are increasingly resulting from the COVID-19 epidemic and could significantly affect the Ferratum Group. CRA is examining short-term negative implications to the business model of the Ferratum Group and thus to the development of risks, earnings and assets.
  • 18.04.2019
    Creditreform Rating has set the corporate rating of Ferratum Oyj at BBB- within the follow-up rating. The rating outlook is stable. Compared to the previous year, the result after taxes is slightly in decline. Impairments increased at nearly the same rate as the growth of the total loan volume, the provision for impairment increased by more than 85% in one year. Financing costs rose significantly in nominal terms, which is due in particular to the issue of the new bond in 2018 and realized foreign exchange loss on liabilities. The equity ratio has fallen substantially within one year, and the newly issued bond will further intensify this trend.
  • 16.03.2018
    Creditreform Rating has confirmed the corporate rating of Ferratum Oyj at BBB+ within the follow-up rating. The rating outlook is stable. The company continues to be on a stable path of growth and has expanded its existing product lines to further regions. The average financing rate decreased which led to an improved annual surplus. The annual result remains at a high level.
  • 04.04.2017
    Creditreform Rating has set the corporate rating of Ferratum Oyj to BBB+ within the follow-up rating. The rating outlook is stable. The company continues to be on the stable path of growth and has been able to achieve the necessary liquidity for the targeted growth through participation in deposit banking. This has led to a lowering of the average financing rate. The annual result remains at a high level.