S&P assigns B to GetBack

S&P said it assigned its B long-term and B short-term issuer credit ratings to GetBack SA.

The outlook is stable.

S&P said the ratings reflect its opinion of the moderately high country and industry risks to which the company is exposed, its monoline focus on bad debt collection (including the management of bad assets securitized funds) in Poland and limited operational track record.

These weaknesses are partly mitigated by the improving franchise, low leverage and adequate cash flow generation capacity, the agency added.

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