Moody’s flips Hoist outlook to positive

Moody’s Investors Service said it revised its outlook for Hoist Finance AB to positive from negative and affirmed its ratings, including its Baa3 senior unsecured debt ratings and Ba3 subordinated rating.

“The change in outlook to positive on the long-term senior unsecured debt and Issuer ratings from negative reflects both the improvements to management credibility and Hoist's comparative strength in an operating environment with higher interest rates due to its access to insured retail deposits, which results in lower funding costs compared to other debt purchasers,” Moody’s said in a press release.

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