S&P raises 3i Group

S&P said it raised its long-term issuer credit rating and senior unsecured issue ratings on 3i Group plc to BBB+ from BBB.

“The upgrade reflects 3i's robust operating performance throughout the pandemic; backed by a stable management team, the group has a long track record aided by strong governance, permanent capital, and a consistent and clear investment strategy. Its portfolio concentration and investments in illiquid, usually unlisted, midsize, leveraged corporate entities constrains the ratings at the BBB+ level,” S&P said in a press release.

The outlook is stable.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.