MILAN (S&P Global Ratings) May 12, 2025--S&P Global Ratings today assigned its 'BBB-' issue rating to Nexi SpA's proposed senior unsecured notes with an expected maturity of six years, which the Italian company will issue under its €4 billion euro medium-term note program. The issue rating is in line with our long-term issuer credit rating on Nexi (BBB-/Stable/--). We consider Nexi's new debt issuance as leverage neutral. This is because we assess Nexi's leverage net of accessible cash and liquid investments, according to our criteria. Although we understand the proceeds from these notes will not be used to immediately redeem Nexi's bonds maturing in April 2026, this issuance will bolster the company's liquidity. Our ratings on Nexi therefore continue to
