Fitch Ratings assigns ‘B-‘ credit rating for the ID Finance Spain’s Eurobond issue

27.11.2020

mintosblog

Fitch Ratings, one of the top international credit rating agencies in the world, has assigned the ID Finance Spain S.A.U a ‘B-‘ rating for its 9,5% corporate bond 2020/2023. Boris Batine, CEO and co-founder of ID Finance: “Taking into consideration the Covid-19 pandemic that is affecting the whole world, ID Finance Spain has maintained its strong profitability, continued growing and managed to access capital markets. Fitch’s ‘B-‘ rating is a clear indication that, despite the current world’s situation, ID Finance Spain’s operations are solid and the company’s financials are sustainable. This sets a new milestone for the Spanish FinTech and strengthens the attractiveness of the bond which was listed in September 2020 to the regulated market (General Standard) of the Frankfurt Stock Exchange.”

Read the full press release

About ID Finance Spain

ID Finance Spain, headquartered in Barcelona, was founded in 2015 and is an online consumer loan provider primarily targeting underbanked clients in Spain. The current amount of ID Finance Spain loans outstanding on Mintos is € 10.7 million. There are 72 791 investors with active investments in ID Finance Spain loans, with the average investment per investor being € 147.71.

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