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.
Hydroscand Group AB has acquired 100% of the shares in Anderstorp Hydraulik AB, one of Sweden's leading companies in hydraulic systems and maintenance. The company has a turnover of approximately SEK 75 million, with good profitability. Its head office is in Anderstorp, Sweden.
Regio-Glasvezel, is engaged in the design, construction, management, and operation of open-access fiber optic networks for business parks and collective buildings
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