BFF Revokes Credit Rating: Institute Faces Contract Termination by 2026

DBRS Morningstar has withdrawn all credit ratings for BFF S.p.A. after the company decided to terminate its rating contract in April 2026. The action removes the formal credit assessment for the financial institution’s debt, according to a report from MarketScreener Italia published June 30, 2026.

Why were the credit ratings for BFF withdrawn?

The withdrawal of the ratings follows a corporate decision by BFF to resolve the existing contract with the rating agency. According to MarketScreener Italia, BFF communicated this decision in April 2026.

DBRS Morningstar confirmed the ratings for the institute immediately prior to the full withdrawal of all credit judgments. The agency no longer provides a formal opinion on the creditworthiness of the firm’s financial instruments.

What is the role of credit ratings for a firm like BFF?

BFF S.p.A. operates as a specialized financial institution that focuses on the purchase of non-performing loans (NPLs) and other credit assets. For companies in this sector, credit ratings from agencies like DBRS Morningstar serve as independent evaluations of their ability to meet payment obligations on issued debt.

These ratings are typically used by institutional investors to determine the risk profile of a company’s bonds or other credit-linked securities. The termination of the rating contract means that investors no longer have an active, updated credit score from DBRS to guide their risk assessment of the company.

How does this change the company’s financial profile?

The removal of a rating does not necessarily indicate a change in the underlying financial health of the company, but rather a change in the reporting relationship between the company and the agency. In this instance, the withdrawal was triggered by the client, BFF, rather than a downgrade or a decision by DBRS Morningstar based on credit deterioration.

Because the decision to end the contract was communicated by BFF in April 2026, the subsequent withdrawal on June 30, 2026, represents the administrative conclusion of that agreement.