S&P Global Ratings assigns rating for the first time to Banca Sella Holding (BBB-/A-3)
Press release
S&P Global Ratings agency has, for the first time, assessed the creditworthiness of Banca Sella Holding, assigning an investment grade rating of BBB-/A-3 for long-term and short-term respectively, with a stable outlook.
The initiative to obtain a third credit rating, in addition to Moody’s and Morningstar/DBRS already in place, is part of the process undertaken by the Group with the objective of optimizing access to financial markets in support of the issuance programs outlined in the funding plan, while ensuring high levels of transparency toward the market and investors.
The assignment of the BBB-/A-3 rating highlights the solid fundamentals of the Group, particularly the diversified business model, the good track record and the conservative approach in managing financial and non-financial risks. It also underlines the Group’s continued investments in innovation, which contributes to its operational performance and resilience.
The stable outlook reflects the confidence that S&P Global Ratings places in the Group's ability to maintain sound asset quality, consolidate its digital offering, and continue implementing its prudent business strategy.
The full press release and detailed information on all ratings assigned by S&P Global Ratings are available on the agency’s website: (http://www.spglobal.com).