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 support the growth of our business, says Magnus Linnersand, Group Head of Treasury, Hoist Finance.

For further information please contact:
Magnus Linnersand, Group Head of Treasury
Telephone: +46 (0)8 555 177 72

Michel Jonson, Group Head of Investor Relations
Telefon: +46 (0)8 555 177 19

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 08:30 CET on 29 May 2017.

About Hoist Finance

Hoist Finance is a trusted debt restructuring partner to international banks and financial institutions. We are specialised in serving banks in handling non-performing loans, and supporting individuals in becoming debt free. Through expertise and rigorous compliance we earn the banks’ trust. Through respect, honesty and fairness we earn the trust of our customers.

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