Capital/Financing Update • May 2, 2016
Capital/Financing Update
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On May 2 nd Hoist Kredit AB (publ) (Hoist Finance) was assigned a Ba2 long-term issuer rating with a positive outlook from Moody's Investors Service (Moody's). The rating highlights Hoist Finance solid market position in the European debt purchasing business and the strong track record in the industry, supported by a strong liquidity position and sound capitalisation. At the same time, Moody's assigned a Non-Prime short-term issuer rating and a Counterparty Risk Assessment of Baa3(cr)/Prime-3(cr) to Hoist Finance.
Magnus Linnersand, Group Head of Treasury Telephone: +46 (0)8 555 177 72
The information above has been published pursuant to the Swedish Securities Markets Act (Sw. lagen om värdepappersmarknaden) and/or the Swedish Financial Instruments Trading Act (Sw. lagen om handel med finansiella instrument). This information was released for publication at 08.45 (CET) on 2 May 2016.
Hoist Finance is a leading debt restructuring partner to international banks and financial institutions, offering a broad spectrum of advanced solutions for acquisition and management of non-performing unsecured consumer loans. Hoist Finance operates through eleven in-house collection centers across Europe, complemented by local external debt servicing partners. The total carrying value of Hoist Finance's acquired loans was approximately SEK 11.3 billion as per 31 December 2015. The parent company Hoist Finance AB (publ) is listed on Nasdaq Stockholm Mid-Cap list and its subsidiary Hoist Kredit AB (publ) is a regulated "Credit Market Company" under the supervision of the Swedish Financial Supervisory Authority (Sw. Finansinspektionen). In Sweden, the company offers internet-based savings deposit services through HoistSpar, with around 85,000 accounts.
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