(Alliance News) - Sciuker Frames Spa announced Monday that Modefinance, an Italian rating and fintech agency registered with ESMA, has issued a rating for long-term creditworthiness at the "A3 - First Issuance" level.

"The rating expresses the soundness and quality of the creditworthiness of the parent company of deWol Industries, Sciuker Frames, and reflects, the progress with respect to the Business Plan to 2024 and a remarkable expansion of the economic and financial results despite the current market environment characterized by a complex scenario, confirming the trend of increasing business volume and marginality," reads the company's note.

"The rating assigned to us by Modefinance, highlights the group's solidity in the context of the enormous growth recorded in recent years. This solidity is the result of an integrated business model that allows to overcome the complexities of the current scenario characterized by a general deterioration of the regulatory and market environment related to Ecobonus - comments Marco Cipriano, CEO of deWol Industries."

Sciuker Frames gives up 3.7 percent to EUR4.36 per share.

By Chiara Bruschi, Alliance News reporter

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