Fitch Affirms Nexi Rating on Market Position; Outlook Stable

Fitch affirmed the BBB- long-term issuer default rating of Nexi (NEXI.MI), citing the company's market position in its core business and geographies and predictable positive cash flow generation. In a Thursday note, the rating agency highlighted that the highly competitive and fragmented nature of the payments technology sector is restricting the company's rating. The outlook on the company is stable, reflecting plans for debt repayment using cash on hand and free cash flow.