Fitch: Towergate faces limited growth in challenging market
Ratings agency says consolidator also faces execution risk in completing transformation plan.
Fitch has given TIG Finco Plc, the new holding company for the Towergate Group, a 'B-' rating with a stable outlook.
However the ratings experts added that they expect the consolidator to experience limited organic growth in a challenging market environment.
The agency reported that the rating also reflected the execution risk the broker faces in completing its transformation plan and integrating its new corporate structure.
"Prevailing market conditions, combined with the disruption caused by
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