Ferratum Oyj (Konzern)

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.