Modefinance published the Corporate Credit Rating (Solicited) of Cred.it Società Finanziaria Spa on its CRA website. The rating assigned to the entity is B1- (First Issuance). The analysis revealed the company is "an average company with average capability of repaying financial obligations and possibile adverse macroeconomic conditions or different management or strategies may impact on the capability of repaying debts".
The rating assigned by modefinance is based on the following key motivations:
The present Corporate Credit rating is issued by modefinance under EU Regulation N. 1060/2009 and following amendments.
The present rating is solicited and is based on both private and public information.The rated entity and/or related third parties have provided all private information used. modefinance had access to some accounts and other relevant internal documents of the rated entity and/or related third parties. Solicited and unsolicited ratings issued by modefinance are of comparable quality, as the solicitation status has no effect on methodologies used. More comprehensive information on modefinance Corporate Credit Ratings are available here.
A comprehensive description of both methodologies, as well as information on modefinance Rating Scale and Mappings, is available here.Forinformation on historical default rates of modefinance Corporate Credit Ratingsplease refer to ESMA Central Repository and ESMA European Rating Platform.
The quality of the information available on the rated entity and used to determine the present rating was judged satisfactory by modefinance. Please note that modefinance does not perform any audit activity and is not in a position to guarantee the accuracy of any information used and/or reported in the present document. As such, modefinance can accept no liability whatsoever for actions taken based on any information that may subsequently prove to be incorrect.The present credit rating was notified to the rated entity in order to identify potential factual errors, as prescribed by the CRA Regulation.
The rated entity is a buyer of ancillary services provided by modefinance (credit risk software). modefinance ensures that such situation does not imply a conflict of interest in the issuance of the present credit rating.
The rating action issued by modefinance was performed independently. The analysts, members of the rating team involved in the process, modefinance Srl and its members and shareholders do not have any conflicts of interest in relation to the Rated Entity and/or Related Third Parties. If in the future a potential conflict of interest is identified in relation to the persons reported above, modefinance Ratings will provide the appropriate information and if necessary the rating will be withdrawn.
The present Credit Rating is an opinion of thegeneral creditworthiness that modefinance issues on the rated entity, andshould be relied upon to a limited degree. The issued rating is subject to anongoing monitoring until withdrawal.