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      Instrument data
      Issuer
      EMMA SPV S.R.L.
      Senority
      Senior
      Currency
      EUR
      ISIN
      IT0005328577
      Coupon type
      Floating
      Instrument volume
      438,300,000
      Maturity date
      26/10/2055
      -
      AAA SF Outlook: None
      AAA SF Outlook: None
      Latest change
      New
      28/08/2025
      General information
      Rating
      Public
      Solicited
      With issuer participation
      UK endorsed
      EU Rated
      Rossella Ghidoni Lead analyst
      Benoit Vasseur Committee chair
      Scope rates AAA(SF) Italian pharmacy SME notes issued by Emma SPV S.r.l.

      28/8/2025 Rating announcement EN

      Scope rates AAA(SF) Italian pharmacy SME notes issued by Emma SPV S.r.l.

      The EUR 606.4m underlying portfolio of SME loan receivables was originated to SME borrowers operating pharmacies by Banca Credifarma S.p.A.

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      Date Title
      28/08/2025 Emma SPV - class A notes New Issue Rating Report