Multitude SE / FI4000106299
15.02.2024 - 14:00:05Multitude SE: Fitch Revises Multitude's Outlook to Positive; Affirms IDR at B+
| Multitude SE / Key word(s): Rating 15.02.2024 / 14:00 CET/CEST The issuer is solely responsible for the content of this announcement. Helsinki, 15 February 2024 – Multitude SE, a listed European FinTech company, offering digital lending and online banking services to consumers, small and medium-sized businesses, and other FinTechs (ISIN: FI4000106299, WKN: A1W9NS) (“Multitude” or “Company”) announces that Fitch Ratings has revised Multitude SE's and its fully-owned operating bank Multitude Bank plc's Outlooks to Positive from Stable, while affirming their Long-Term Issuer Default Ratings (IDRs) at 'B+'. Multitude's senior unsecured notes have been affirmed at 'B+' with a Recovery Rating of 'RR4' and its subordinated hybrid perpetual capital notes at 'B-' with 'RR6'. Contact: Lasse Mäkelä Chief Strategy and IR Officer Phone: +41 79 371 34 17 E-Mail: Lasse.makela@multitude.com About Multitude SE: Multitude is a listed European FinTech company, offering digital lending and online banking services to consumers, small and medium-sized businesses, and other FinTechs overlooked by traditional banks. The services are provided through three independent business units, which are served by our internal Banking-as-a-Service Growth Platform. Multitude’s business units are consumer banking (Ferratum), business banking (CapitalBox) and wholesale banking (Multitude Bank). Multitude Group employs over 700 people in 25 countries and offers services in 16 countries, achieving a combined turnover of 212 million euros in 2022. Multitude was founded in Finland in 2005 and is listed on the Prime Standard segment of the Frankfurt Stock Exchange under the symbol 'FRU'. 15.02.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com |
| Language: | English |
| Company: | Multitude SE |
| Ratamestarinkatu 11 A | |
| 00520 Helsinki | |
| Finland | |
| E-mail: | ir@multitude.com |
| Internet: | https://www.multitude.com/ |
| ISIN: | FI4000106299 |
| WKN: | A1W9NS |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Stockholm |
| EQS News ID: | 1837417 |
| End of News | EQS News Service |
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