LINKFACTOR TRADE RECEIVABLES EUR 1 FT
Type of ratings: Structured Finance ABCP
Rating value: A+
Outlook: No Trend
License: EthiFinance Ratings
Solicited
EthiFinance Ratings ("the Agency") assigns for the first time a "A+" Rating to the Notes issued by LINKFACTOR TRADE RECEIVABLES EUR 1, F.T. The initial rating determined for this financial instrument is for a new issue. The Rating of A+ given to this Transaction is based on two main factors; the first is the Insurance Policy, with a LOI of 35.3 million euros, used as credit enhancement for the transaction while the Insurer of this Policy is Euler Hermes France, which has a Credit Rating of "AA-" with "Stable" outlook by EthiFinance Ratings; in second place, is the loan origination quality and operational capacity shown by Gedesco in the past years..
Ratings
Rating action: New
Action date: 2022-12-27
Date last rating: 2022-12-27
Date first rating: 2022-12-27
