0 CHECKOUT

Summary: IFIL SpA Nov 07

  • ID: 1786377
  • November 2007
  • Standard & Poors

FEATURED COMPANIES

  • EXOR SpA
  • Fiat SpA
  • Intesa Sanpaolo SpA
  • Sequana
  • MORE

Abstract
The ratings on Italy-based investment holding company IFIL SpA reflect the satisfactory quality of the company's assets, primarily underpinned by its capital holdings in Italian bank Intesa Sanpaolo SpA (AA-/Stable/A-1+) and in the certification business SGS (not rated), good liquidity given its portfolio of essentially listed holdings; and a conservative financial profile. These strengths are mitigated by heavy portfolio concentration on the still-weak, albeit quickly improving, Fiat SpA (BB+/Positive/B), which accounts for about two-thirds of IFIL's revalued assets; exposure to the challenging paper industry through a stake in Sequana Capital (--/--/B); as well as by the fact that the controlling stake in Fiat constrains the liquidity benefits derived from being listed. IFIL's revalued investment portfolio is worth close to €11...

Companies mentioned in this report are:
- EXOR SpA
- Fiat SpA
- Intesa Sanpaolo SpA
- Sequana

Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. READ MORE >

Note: Product cover images may vary from those shown

- EXOR SpA
- Fiat SpA
- Intesa Sanpaolo SpA
- Sequana

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

PLEASE SELECT A FORMAT

  • Quick Help: This Credit Rating Report will be emailed to you.

HAVE A QUESTION?

If you have a more general question about our products please try our

FAQ SECTION

RELATED PRODUCTS

Our Clients

  • Fluidigm Corporation
  • Apple, Inc.
  • CEVA Santé Animale
  • Abbott Laboratories Ltd.
  • Merck Group
  • Allergan Inc.
  • Pfizer, Inc.