{"date":"2023-10-24T09:04","headerImageUrl":"https://structuredproducts-ch-pub-uat.leonteq.com/product-news/product-homepage-banner/fitch-rating-upgrade-leonteq-securities-ag-product+homepage+banner.jpg","windowTitle":"Fitch upgrades Leonteq to \"BBB\"","category":"investment-themes","title":"Fitch upgrades Leonteq to \"BBB\" with a stable outlook","body":"<p><strong>Leonteq AG (SIX: LEON) announced today that Fitch upgraded Leonteq\u2019s investment grade rating to \u201cBBB\u201d with a stable outlook.<\/strong><\/p>\n<p>The rating agency Fitch Ratings Ltd. has upgraded the long-term issuer default rating (IDR) to \u201cBBB\u201d from \u201cBBB-\u201d for Leonteq AG, Leonteq Securities AG and Leonteq Securities AG (Guernsey Branch) with a stable outlook.<\/p>\n<p>According to Fitch, the upgrade of the long-term IDRs assigned to Leonteq reflects the material progress made to grow the franchise and diversify the business by increasing the number of issuance partners as well as increasing Leonteq\u2019s own issuances. It also reflects progress made on new business initiatives which include plans to reduce the level of market risk adopted by Leonteq through its balance sheet-light business activities.<\/p>\n<p>Leonteq\u2019s IDR further reflects its increasingly diversified franchise which includes a well-established and scalable structured-product issuance platform. This is weighed against inherent market risk, both direct and indirect, as lower appetite for structured products in unfavourable market conditions can give rise to earnings volatility. Fitch views risk management, capitalization, and liquidity as adequate.<\/p>\n<div><ltq-button color=\"primary\" url=\"https://www.leonteq.com/news-and-media/news/corporate-news/2023/fitch-upgrades-leonteq-to-BBB?language_id=1\" label=\"Find out more\"><\/ltq-button><\/div>\n<div>      <p>We look forward to answering all of your questions about our products and how they are traded. Please don't hesitate to get in touch! Phone: <a href=\"tel:+41588001111\">058 800 11 11<\/a>, email <a href=\"mailto:info@leonteq.com\">info@leonteq.com<\/a> or <a href=\"/contact\" title=\"Contact\">contact us here<\/a>.\n<\/p>\n  <\/div>","url":"fitch-upgrades-leonteq-to-BBB","investmentThemeVerticalImageUrl":"https://structuredproducts-ch-pub-uat.leonteq.com/product-news/sidenav-banner/fitch-rating-upgrade-leonteq-securities-ag-sidenav+banner.jpg","thumbnailUrl":"https://structuredproducts-ch-pub-uat.leonteq.com/product-news/thumbnail/fitch-rating-upgrade-leonteq-securities-ag-thumbnail.jpg"}