Moody’s Ratings (Moody’s) has today upgraded Hoist Finance AB (publ)’s (Hoist’s) ratings, including the long-term issuer and senior unsecured ratings to Baa1 from Baa2 and the subordinate ratings to Ba1 from Ba2. The outlook on the long-term senior unsecured and issuer ratings was changed to stable from positive.
Harry Vranjes, CEO of Hoist Finance, comments: “We are pleased to see that our continued efforts to deliver on our strategy, further strengthen risk management and improve performance with a strong commitment to operational excellence, are all recognized in this ratings upgrade. We continue this work as we advance on our growth journey.”