(Finance) – Fitch Ratings has long-term rating “BBB-” confirmed (Issuer Default Rating, IDR) of Leonteqa Swiss company specializing in structured financial products, with a positive outlook.
According to the rating agency, the confirmation of the rating reflects theadequate capitalization and the growing capital base, sound risk and liquidity management, moderate and well-managed exposure to credit risk, Relatively solid earnings basesophistication and platform scalability issue of structured products.
The positive outlook reflects Fitch’s view that Leonteq is on track to meet the upgrade requirements previously defined by the same agency over the reference time horizon, including the increase in operating capacity, the further diversification of the business, the increase in the ability to generate revenues against a lean balance sheet and further consolidation of the group’s capitalization.