Moody's Ratings affirms Banca Ifis S.p.A.'s Baa2 long-term deposit and Baa3 long-term issuer ratings, stable outlook
Moody's Ratings (Moody's) has today affirmed all ratings and assessments of Banca Ifis S.p.A. (Banca Ifis): its long-term (LT) and the short-term (ST) deposit ratings at Baa2/Prime-2, LT issuer and senior unsecured debt ratings at Baa3, subordinated debt at Ba3, LT and ST Counterparty Risk Ratings (...Banca IFIS SpA. Banca IFIS SpA is an Italy-based bank. The Bank is primarily engaged in the sector of trade receivables, non-performing loans and tax receivables. The Bank operates through five divisions: Banca IFIS, which is active in the supporting of trade receivables of small and medium sized enterprises operating in the Italian market; Banca IFIS International, which provides services to companies operating or based abroad; Banca IFIS Pharma, which supports trade receivables of local health services suppliers; Toscana Finanza, which is engaged in the activities of the business unit operating in the non-performing loans sector, and Fast Finance, which is mainly involved in the tax receivables sector. In addition, the Bank provides invetment banking services through GE Capital Interbanca SpA. It is active in Italy and abroad, including Poland, Romania, Hungary and India, among others. It operates through Interbanca Group and Cap.Ital.Fin.
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