June 29, 2023
Fitch Affirms Eleving Group at ‘B-‘; Outlook Stable
Fitch Ratings has affirmed Eleving Group’s Long-Term Issuer Default Rating (IDR) at ‘B-‘, with a Stable Outlook. Fitch has also affirmed Eleving’s senior secured debt rating at ‘B-‘ with a Recovery Rating of ‘RR4’.
About Eleving Group
‘Eleving Group’ is a global multi-brand group established in 2012 that operates in vehicle and consumer financing segments. As of now, the company has 12 markets of operations across three continents. The company has a portfolio of over 500 000 clients worldwide, and the total volume of loans issued exceeds EUR 1.35 billion. In 2020 and 2021, Financial Times ranked Eleving Group among the Top 1000 fastest-growing FinTech companies in Europe. Currently, Eleving Group has more than 2600 employees. The company’s bonds are listed on Nasdaq Riga and Frankfurt Stock Exchange. In 2023, Eleving Group received 1st place in Nasdaq Baltic Awards in the category of Best Investor Relations on the First North Bond List.
Contacts
Toms Vecvagars, Investor Relations Manager, +371 28637185, toms.vecvagars@eleving.com