we receive e we publish the following press release.
Fire SpA, a company active in credit management and recovery, announces that Fitch Ratings has reviewed by “stable” a “Positive” the Company's Outlook, while simultaneously confirming theAsset-Backed Special Servicer Rating (“ABSS1-”) And the Residential Special Servicer Rating (“RSS1-”).
The decision follows the agency's comprehensive operational review and reflects continued growth in assets under management, the expansion and diversification of its activities, the strengthening of its management structure and the progress made in its operational controls framework, including cash management, claims management, cybersecurity e information security.
The Outlook Positive It also expresses Fitch's expectation that, in the short term, Fire can further strengthen its operating profile by consolidating its organizational evolution and the investments made to support growth.
Among the main elements underlying the rating, Fitch highlights the significant growth of assets under management of Fire, climbed to 25 billion euros at the end of 2025, supported in particular by the increase in performing and past due exposures.
In parallel with the growth of the business, Fitch recognizes the strengthening of the managerial and organizational structure, through the inclusion of new senior and middle management figures and the development of internal skills, and the improvement regarding cybersecurity e information security, rated by Fitch in the category "1".
The Company has also continued to invest in the evolution of its processes, technology, and control systems, with the aim of supporting the Group's growth and ensuring increasingly higher operational and service standards.
"Fitch's Outlook revision to Positive represents important recognition for Fire's growth and organizational strengthening over recent years. The significant increase in assets under management has been accompanied by investments in managerial skills, technology, cybersecurity, and control systems, with the aim of ensuring increasingly high operational standards for our clients. Fitch's rating encourages us to continue on this path, continuing to invest in process robustness, innovation, and service quality," he stated. Sergio Bommarito, President and Chief Executive Officer of Fire SpA
Fire Fire is the leading independent credit management group in Italy, with thirty years of experience and a comprehensive range of services: credit management, restructuring, advisory and due diligence for portfolio acquisitions, local taxation and collection, business information, and special situations. The Group leverages specialized skills and an advanced technology platform, integrating industrialized processes and artificial intelligence tools, to support banks, institutional investors, consumer credit and leasing companies, utilities, commercial enterprises, and local authorities in credit management. As part of its commitment to ESG issues, Fire promotes financial education and inclusion initiatives, in the belief that economic sustainability depends on the awareness and responsibility of citizens and businesses in managing credit and debt.
