IMAP is pleased to announce that Fitch Ratings has assigned the Autonomous Region of the Azores (RAA), a Long-Term Local-Currency Issuer Default Rating (IDR) of ‘BBB-’ with Stable Outlook and Short-Term IDR of ‘F3’.
The rating has resulted in RAA returning to investment-grade status, one notch below the Portuguese Republic (BBB), which reflects a positive comparison with international peers.
RAA is one of the 2 autonomous regions of Portugal (along with Madeira) and an archipelago, comprised of 9 small islands that are located 1,500 km from Portugal.
Banco Invest, S.A. (Invest Corporate Finance – IMAP Portugal) acted as rating advisor to the RAA.
The advisory services provided included: coordination of workflow with the rating agency, compiling the information pack required to produce the Rating Book that served as the basis for the rating agency decision, supporting RAA during meetings with the rating agency, successfully promoting RAA’s creditworthiness, developing an optimal positioning strategy and providing all necessary execution support.
LTK is specialized in providing logistics services to the Aerospace and Automotive sectors, with customers including the Airbus Group and Alestis Aerospace.
Looping was founded in 2011, following the acquisition of 7 parks from Compagnie des Alpes. It comprises 15 leisure parks in Europe.
Established in 1998, Irish Progressive Services International (IPSI) is a Dublin-based provider of technology-enabled Third Party Administration services to the global Life and Pensions Industry.
