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.
The Shareholders of Convert Paper, the leading Polish independent manufacturer of corrugated board and sheet feeder of solid board, have sold 100% of shares in the Company to Papierfabrik Adolf Jass GmbH & Co KG.
The majority of the reisenthel Group, a well-known and leading German manufacturer of functional shopping baskets, bags and everyday helpers, was taken over by the Swiss-German financial investor INVISION in the course of a succession solution.
In parallel with our national and international activities, we are also seen in the current issue of "Mannheim - Stadt im Quadrat" as part of the backbone for medium-sized companies in the metropolitan region.
