EQS-News: IuteCredit Finance S.à r.l.: Iute Group: Initial Fitch rating B- (Stable Outlook)

EQS-News: IuteCredit Finance S.à r.l. / Key word(s): Rating/Bond
Iute Group: Initial Fitch rating B- (Stable Outlook)

26.07.2024 / 12:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Iute Group: Initial Fitch rating B- (Stable Outlook)

Tallinn, Estonia, 26 July 2024. Iute Group, a leading European personal finance group, has been assigned a B- (Stable Outlook) Long-Term Issuer Default Rating (IDR) and a B- Senior Secured Debt Rating for its Corporate Bond 2021/2026 (XS2378483494) from Fitch Ratings (Fitch). Partnering with Fitch in the rating process is an important cornerstone of Iute Group's capital market strategy.

Tarmo Sild, CEO of Iute Group: "We are very pleased to have received a credit rating from one of the world's top three rating agencies. The rating reflects Fitch's positive assessment of our digital expertise as a key strength and our proven access to international debt markets. The importance of Energbank for the positioning of Iute Group was acknowledged accordingly. It is our ambition to continuously develop our capital markets activities in line with our operating business."

Contact:

Kristel Kurvits, Group Chief Financial Officer (CFO)
Email: [e-mail]
Phone: [phone]

About Iute Group:

Iute Group is a fintech company established in 2008 in Estonia. The Group specializes in consumer finance, payment services, banking, and insurance products. It serves customers in Albania, Bulgaria, Moldova, and North Macedonia. Iute Group finances its loan portfolios with equity, deposits, and secured bonds on the Regulated Market of the Frankfurt Stock Exchange and the Nasdaq Baltic Main List.

www.iute.com

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26.07.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language:	English
Company:	IuteCredit Finance S.à r.l.
	14, rue Edward Steichen
	2540 Luxembourg
	Luxemburg
ISIN:	XS2378483494
WKN:	A3KT6M
Listed:	Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1953847

End of News	EQS News Service

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1953847 26.07.2024 CET/CEST