(Alliance News) - Tesmec Spa announced on Friday that Cerved Rating Agency has confirmed the 'B1.2' solicited credit rating assigned to the company.

Tesmec President and CEO Ambrogio Caccia Dominioni commented, "We are delighted to receive the confirmation of the investment grade rating from Cerved Rating Agency, which confirms the validity of the strategies adopted by the group to face the challenges of the current macroeconomic environment, and we are confident in the initiatives undertaken to manage future development opportunities."

Tesmec's stock is down 0.7 percent at EUR0.09 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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