Inter’s new bond has been rated at B+ by credit rating agency Fitch, who note that the club’s debt has a stable outlook in the newest bond.
This according to Italian football finance news outlet Calcio e Finanza, who report that Fitch have noted that the Nerazzurri’s financial plans are increasingly reliant on stadium revenues and performances on the pitch, but that their plan is still fairly stable.
The Nerazzurri have been refinancing their debt into to new bond worth €415 million, and they have now had the bond rated by Fitch.
As the agency notes, with the loss of some major Asian sponsorship deals, the Nerazzurri will be increasingly reliant on revenues from participation in the Champions League, stadium revenues, and shareholder support through a period of negative cashflow.
Nevertheless, the agency rates the debt in the new bond at a stable B+ grade in spite of the relatively lack of diversity of revenue sources.