Moody's changes 3i view to stable

Moody's Investors Service said it changed 3i Group plc's outlook to stable from negative and affirmed the company's Baa1 long-term issuer and senior unsecured debt ratings.

“The outlook was changed to stable from negative to reflect the resilient performance of 3i's private equity and infrastructure portfolios in FY2021 despite the economic downturn prompted by the coronavirus pandemic. While economic uncertainties remain, 3i is well positioned to withstand them. The rating action reflects the group's conservative investment management, strong balance sheet and the structural growth trends that support its portfolio of companies, which have demonstrated their ability to adapt in a changing environment,” Moody’s said in a press release.

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