The FC Barcelona announced an improvement in its rating rating, from having a BBB is negative still Stable BBBaccording to the agency DBRS Morningstar. The information, disseminated through the club’s official bodies, contrasts with that recently published by El Confidencial, which states that the rating agency Fitch put the club’s 470 million euro debt on the brink of ‘junk bond’.
This Wednesday, the Barça club reported that “it is ready to announce that the rating agency DBRS Morningstar has provided rating coverage to the Club giving it a rating of BBB with a stable outlook, reflecting a significant improvement over the previous rating given by the agency Fitch“.
According to these rating parameters, “the positive actions taken by the Board of Directors to improve the financial situation of the Entity, the competitiveness in sports and the agreements with strategic partners are outstanding, as well as also expected that the FC Barcelona achieve positive results in the financial year 2022-23″. This assessment of DBRS is also considering the project Espai Barca and related funding to determine your firm’s vision.
In conclusion, the rating of DBRS from a financial point of view FC Barcelona “This shows the confidence of the financial markets regarding the decisions of the Club, the improvement of the financial indicators and makes it possible to continue the development of the strategic plan approved by the Board of Directors”.
Source: La Verdad
I am Ida Scott, a journalist and content author with a passion for uncovering the truth. I have been writing professionally for Today Times Live since 2020 and specialize in political news. My career began when I was just 17; I had already developed a knack for research and an eye for detail which made me stand out from my peers.
