Bright day for the Safilo stock in Piazza Affari. In mid-morning the shares of the Padua-based eyewear company rose by 2,38%, to 16,8 euros.
The promotion of the rating by Moody's (which follows the one already arrived from Standard & Poor's).
The rating agency has upgraded the Italian company's long-term debt rating from B2 to B1, with a positive outlook.
Moody's decision is linked to the lower refinancing risk of Safilo, which recently launched a bond loan maturing in 2019, thus extending the duration of its debt.
In the wake of the rating agency, analysts from Mediobanca and Banca Akros also judge the company's prospects to be positive.
