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Ferratum: Investment Grade affirmed for Bond


Ferratum Capital Germany GmbH / Key word(s): Bond

25.09.2014 / 17:15


Ferratum: Investment Grade affirmed for Bond

Berlin, September 25, 2014 - Ferratum Capital Germany GmbH, the German company of the Ferratum Group, a pioneer in mobile micro credits in Europe, herewith announces that the Creditreform rating agency affirmed the bond's rating at BBB- on September 24, 2014. Ferratum's bond that is listed on the Frankfurt Stock Exchange's Entry Standard for corporate bonds has therefore retained its investment grade status.

Jorma Jokela, founder and CEO of the Ferratum Group, expressed his satisfaction at the rating's confirmation: "The fact that the bond's investment grade rating has been renewed is confirmation of Ferratum's successful track record. With our international and diversified customer portfolio, combined with our proven know-how in banking, we consider ourselves excellently positioned for promoting the company's profitable growth."

Creditreform's full rating report will shortly be published on the website at https://www.ferratumgroup.com/ under the Investor Relations section.

About Ferratum Group

The Finnish Ferratum Group, a pioneer for mobile micro credits in Europe, offers private short-term accommodation loans. Ferratum's customers can utilize digital media to apply for consumer credit in amounts varying between EUR 50 and EUR 2,000, with an average maturity of 33 days. Since the company's foundation in 2005 Ferratum has expanded rapidly: The company, managed by its founder Jorma Jokela, has a total of more than 1.9 million customers worldwide. In the fiscal year 2013 the annual revenue amounted to around EUR 58 million with an EBT margin of 6.7%. Ferratum is represented in 24 - 19 of them with local operating business - markets and employs more than 300 employees. Ferratum Bank Ltd, one of the Group subsidiaries, is a credit institution authorized and licenced in Malta.

Contact:

Ferratum Group
Dr. Clemens Krause
T: +49 30 88715308
F: +49 30 88715309
M: [email protected]

cometis AG
Henryk Deter | Mariana Kuhn
T: +49 611 20 58 55-61
F: +49 611 20 58 55-66
M: [email protected]





25.09.2014 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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288819  25.09.2014


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