PRESS RELEASE

PIAGGIO GROUP: STANDARD & POOR'S UPGRADES THE RATING TO "BB-"

AND CONFIRMS STABLE OUTLOOK

Pontedera, 24 November 2021 - Standard & Poor's Global Ratings (S&P) said it had reviewed the Piaggio Group (PIA.MI) rating, upgrading it from "B+" to "BB-".

According to the statement released by the analysts at Standard & Poor's, "the Piaggio Group's operating performance and credit metrics are set to grow in 2021 thanks to better-than-expecteddemand in Europe and the USA and an improved product mix."

In their statement, Standard & Poor's also confirmed its stable outlook for the Piaggio Group, adding that the outlook "reflects the expectation that Piaggio will continue its solid operating performance and maintain its market share and leadership positions on the scooter market in Western Europe."

The full www.standardandpoors.comtext of the Standard & Poor's Global Ratings press release is available on the agency's

website.

For more information:

Piaggio Group Corporate Press Office Diego Rancati

Via Broletto, 13 - 20121 Milan - Italy +39 366.6267720 diego.rancati@piaggio.com

Image Building

Via Privata Maria Teresa, 11 - 20123 Milan - Italy +39 02 89011300 piaggio@imagebuilding.it

Piaggio Group Investor Relations Raffaele Lupotto

Viale Rinaldo Piaggio, 25 56025 Pontedera (PI)

+39 0587.272286 investorrelations@piaggio.com piaggiogroup.com

1

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Piaggio & C. S.p.A. published this content on 24 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 November 2021 08:09:08 UTC.