(Alliance News) - Xenia Hotellerie Solution Spa reported Tuesday that Crif Ratings has issued a long-term credit rating at the 'B+' level with a Stable outlook on the company.

"The improved rating confirms the company's trend and achievements," Xenia commented.

Ercolino Ranieri, chief executive officer of Xenia, said, "The rating assigned to us by Crif is a confirmation for our business path that still faces important challenges. We are comforted by the improved rating and remain focused on our 2024 targets, which remain key to the company's growth."

Xenia's stock is unchanged at EUR3.02 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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