Verisure credit rating upgraded by Moody’s and S&P following Initial Public Offering
Moody’s has upgraded Verisure’s rating three notches from B1 positive to Ba1 with a stable outlook. S&P Global has also upgraded its rating three notches from B+ positive to BB+ with a stable outlook. Both agencies now rate Verisure just below an investment grade rating, reflecting Verisure’s proven characteristics as a high-quality growth compounder, strong cash generation potential, and large runway of future growth ahead.
“We’re pleased with this clear recognition from both Moody’s and S&P Global of our significant progress over the past three years in reducing leverage and the confidence they have in our business model, financial profile and long-term strategy”, commented Colin Smith, Group CFO.
About Verisure
Verisure is the leading provider of professionally monitored security services with 24/7 response in Europe and Latin America.
Every day, our dedicated teams use leading technology to Deter, Detect, Verify and Intervene to protect over 5.8 million families and small businesses from intruders, fire, and health emergencies across 17 countries.
With over 35 years of insights, experience and innovation, Verisure is known for category-creating marketing, sales excellence, innovative products and services, and customer-centricity.
Our mission is to give our customers peace of mind by protecting what matters most to them. We believe that everyone has the right to feel safe and secure.
Thanks to a strong focus on high quality service, we aim to have the most satisfied and loyal portfolio of customers in the industry. We estimate that we have some of the strongest growth and retention rates globally in consumer-facing services, which demonstrates our commitment to exceptional service levels and strong value proposition to our customers.
For Further Information, Please Contact:
Verisure Media Relations
Srebrenka Hanak, Group Corporate Communications Director
[email protected]
Alejandro Calvo, Group Treasurer and Director of Corporate Finance
For more information: www.verisure.com