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Credit rating awarded - GetBack S.A. rated by Standard & Poor's

Fitch Ratings, as the second global credit rating agency, has announced its rating on GetBack S.A., one of Poland’s leading debt managers, assigning it a long-term issuer default rating of B + with a stable outlook. According to the Agency, the rating primarily reflects a solid and scalable business model, adequate risk controls (particularly with regard to portfolio valuations), well-controlled expenses, acceptable debt levels and wide EBITDA margins. At the same time, the Agency stressed that the Company’s debt purchasing…

25 May 2017

Credit rating awarded

The Management Board of GetBack S.A. with its registered office in Wrocław (“Issuer”) reports that on 20 January 2017 the EuroRating Agency (“Agency”) awarded a BB long-term rating with a stable outlook to the Issuer. The Agency’s BB rating signifies financial credibility at a level ensuring sufficient capacity to pay liabilities in average and conducive economic conditions and a high or average level of recovery of accounts receivable in the event of insolvency while simultaneously treating credit risk as elevated.…
Standard & Poor’s, one of the largest global rating agencies, awarded GetBack S.A. a rating of B with a stable outlook. GetBack is the first Polish company in the debt collection industry to obtain an international credit rating. Standard & Poor’s has noted ever greater improvement in the Company’s operating activity and a low financial debt ratio. According to the agency’s rating, the Company is capable of paying its liabilities. The rating’s stable outlook means that S&P believes that this…

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data as at 30 September 2017