The rating agency Moody’s Investors Service, following the acquisition of 95,4% of the illimity’s share capital by Banca Ifis, has upgraded the Bank’s ratings, bringing them in line with those of Banca Ifis. In particular, the long-term and short-term deposit ratings are now set at 'Baa2' and 'Prime-2', in the investment grade area. The long-term senior debt and issuer ratings both stand at 'Baa3' with stable outlook
The list of the main ratings assigned by Moody’s is reported below:
The rating agency Fitch, following the acquisition of 95,4% of the illimity’s share capital by Banca Ifis, has upgraded by 1 notch both the Bank's Long-Term Issuer Default Rating (IDR) and long-term senior preferred debt rating to "BB", as well as the long-term deposits rating to "BB+". In addition, Fitch revoked the Government Support Rating (GSR) and assigned the Bank a Shareholder Support Rating (SSR) of "bb", to reflect the support of the Parent Company Banca Ifis.
In September 2019, illimity entered the institutional bond market through the EMTN - Euro Medium Term Notes Programme on the Irish Stock Exchange (ISE). Currently, the Stock Exchange of the Programme is the Luxembourg Stock Exchange (LuxSE).
The documents relating to the Programme are available in the sections below.