Iute Group received a B- long-term credit rating with a stable outlook from the renowned Fitch Ratings agency, making Iute Macedonia, as part of the group, the first financial company in the market to receive a group-level credit rating. This adds additional value to its efforts in proper risk management, credibility, security, and transparency of the company.

According to the CEO of Iute Group, Tarmo Sild, the obtained rating is one of the group's most important achievements to date.

"We are proud to have received a credit rating from one of the world's top three rating agencies. The rating reflects Fitch's positive assessment of our digital expertise as a key strength and our proven approach to international lending markets. The importance of Energbank's positioning of IuteGroupAS has been appropriately recognized. Our ambition is to continuously develop our activities in the capital market in line with our operational business."

A credit rating represents an assessment of an institution's ability to meet its obligations to investors on time. In determining the credit rating, many financial and economic indicators are evaluated by specialized rating agencies. Fitch Ratings is a global leader in assigning credit ratings to financial institutions worldwide.