CRIF Ratings affirms Ferrari’s “BBB+” unsolicited long-term issuer rating Outlook revised to “Positive”

The affirmation of the rating reflects Ferrari’s healthy and resilient operating performance even during COVID-19 pandemic. Ferrari gradually recovered the production and the delivery pace in the second half of the year achieving satisfactory operating performance in FY20, which allowed the Group to maintain sustainable credit metrics, in line with CRIF Ratings expectations and consistent with the triggers set for the assigned rating class.

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