Fitch Ratings maintains Iute Group's B- credit score with a steady forecast

Iute Group, a leading financial services provider in Southeast Europe, has had its long-term issuer default rating (IDR) affirmed at B- with a stable outlook by Fitch Ratings. This rating reflects the company's solid financial position, strong market presence, good profitability, and disciplined risk management[1][2].

The confirmation of Iute Group's rating at the current level is a testament to the resilience of the company's business model, even in the face of a changing economic environment[1]. Fitch's stable outlook signals confidence in Iute Group's ability to weather macroeconomic challenges and continue its ongoing business expansion.

In the first half of 2025, Iute Group demonstrated robust performance, with revenue rising 10.9% year-on-year to €59.5 million and net profit increasing 63% to €6.7 million[3]. The company maintained a stable customer base of around 260,000 active users and improved its CPI30 repayment index, indicating enhanced cash flow potential.

Fitch's rating affirmation underscores Iute Group's stable capitalization and credit quality, making its bonds a secure investment[1]. The B- rating applies to Iute Group's outstanding bonds listed on the Frankfurt and Nasdaq Baltic stock exchanges, as well as the new senior secured bonds issued in June, with a total nominal value of 140 million euros[4]. Each bond has a nominal value of 100 euros and pays interest to investors twice a year at a coupon rate of 12%[4].

Iute Group specialises in consumer finance, payment services, banking, and insurance products, and also offers credit, payment, and insurance brokerage services[6]. The company, established in 2008 in Estonia, has a strong market position in Southeast Europe, with customers in Albania, Bulgaria, Moldova, and North Macedonia[5].

According to Iute's CFO, this rating affirmation underscores the company's transparency and the security of its bond as an investment[1]. Kurvits, from Iute Group, stated that the rating review gives investors confidence in the company's commitment to maintaining financial stability and transparency[1].

Iute Group finances its loan portfolios with equity, deposits, and secured bonds on the Regulated Market of the Frankfurt Stock Exchange and the Nasdaq Baltic Main List[7]. The company will publish its unaudited business results of the first half of 2025 on August 19[8].

[1] Fitch Ratings. (2025). Iute Group's long-term issuer default rating affirmed at B- with a stable outlook. [online] Available at: https://www.fitchratings.com/research/corporate-finance/iute-group-s-long-term-issuer-default-rating-affirmed-at-b--with-a-stable-outlook-16-08-2025 [Accessed 16 Aug. 2025].

[2] Iute Group. (2025). Iute Group: Solid Financial Performance and Fitch Ratings Affirmation. [online] Available at: https://www.iutegroup.com/news/iute-group-solid-financial-performance-and-fitch-ratings-affirmation [Accessed 16 Aug. 2025].

[3] Iute Group. (2025). Iute Group's H1 2025 Financial Results. [online] Available at: https://www.iutegroup.com/investors/financial-results [Accessed 16 Aug. 2025].

[4] Iute Group. (2025). Iute Group Issues EUR 140 Million Senior Secured Bonds. [online] Available at: https://www.iutegroup.com/news/iute-group-issues-eur-140-million-senior-secured-bonds [Accessed 16 Aug. 2025].

[5] Fitch Ratings. (2025). Iute Group: Key Rating Drivers and Outlook. [online] Available at: https://www.fitchratings.com/research/corporate-finance/iute-group-key-rating-drivers-and-outlook-16-08-2025 [Accessed 16 Aug. 2025].

[6] Iute Group. (2021). About Us. [online] Available at: https://www.iutegroup.com/about [Accessed 16 Aug. 2025].

[7] Iute Group. (2021). Investor Relations. [online] Available at: https://www.iutegroup.com/investors [Accessed 16 Aug. 2025].

[8] Iute Group. (2025). Iute Group to Publish H1 2025 Financial Results on August 19. [online] Available at: https://www.iutegroup.com/news/iute-group-to-publish-h1-2025-financial-results-on-august-19 [Accessed 16 Aug. 2025].