Moody's upgrades Hoist Kredit AB to Baa3
On May 26, Hoist Kredit AB’s (publ) (the “Company”), a fully-owned subsidiary of Hoist Finance AB (publ), long- and short term issuer rating was upgraded to Baa3/Prime-3 by Moody’s Investors Service (“Moody’s”). At the same time Moody’s also upgraded the long-term senior debt rating to Baa3. The upgrade follows the Company's successful issuance of EUR 80 million of subordinated debt.-We are very pleased that we have reached our ambition of an investment grade rating. It is a result of our focused strategy to diversify and broaden our funding base and at the same time provide capacity and