The FC Barcelona announced an improvement in the qualification of its rating, going from having a BBB 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 stated that the rating agency Fitch placed the 470 million euros of debt of the club on the verge of the ‘junk bond’.
This Wednesday, the Barça club reported that “it is ready to announce that the rating agency DBRS Morningstar has issued the rating coverage on the Club giving it a rating of BBB with a stable outlook, reflecting a significant improvement over the previous rating issued by the agency Fitch“.
According to the parameters of this rating, “the positive actions taken by the Board of Directors to improve the financial situation of the Entity, sports competitiveness and the agreements with strategic partners stand out, as well as the expectation that the FC Barcelona achieve positive results in the 2022-23 financial year”. This assessment of DBRS has also taken into account the project Espai Barca and related financing to determine your stable outlook.
In conclusion, the rating of DBRS from the financial perspective FC Barcelona “It 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 with the development of the strategic plan approved by the Board of Directors”.