(Alliance News) - Modefinance on Tuesday, in reviewing the public rating to the creditworthiness of Borgosesia Spa, confirmed the same at the A3- level.

This rating - equivalent, based on the current mapping, to the A- rating of the major international rating agencies - is three notches higher than the minimum rating required to consider the company's issues investment grade.

Borgosesia closed Tuesday's session in the red by 0.3 percent at EUR0.70 per share

By Maurizio Carta, Alliance News reporter

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