...Profitable Franchise: The ratings reflect EFG International AG's solid and profitable franchise, long-standing organic and external growth underpinned by consistent strategic execution, adequate asset quality, prudent underwriting standards, and sound capitalisation and liquidity. The ratings of EFG International, the holding company, also reflect the absence of material cashflow mismatches as its external debt obligations are low. Well-Tested Growth Strategy: The gradual franchise strengthening based on an effective combination of organic growth and bolt-on acquisitions has increased revenue by a compound annual growth rate of 8% from 2020 to 2025. Organic growth is supported by continuous hiring of significant numbers of financial advisors who are subjected to strict risk perimeters. External growth has consisted of small acquisitions over the past few years, resulting in very limited execution risk, although we believe EFG remains open to sizeable opportunistic acquisitions. Key Litigation...
