Temenos receives investment grade rating from Fitch Ratings

GENEVA, Switzerland, September 25, 2023 –Temenos AG (SIX: TEMN), the banking software company, announces it has received a Long-Term Issuer Default Rating (IDR) of ‘BBB’ with a stable outlook, and a senior unsecured rating of ‘BBB’, from Fitch Ratings.

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Temenos – Company

Ad hoc announcement pursuant to Art. 53 LR

Commenting on the rating, Temenos CFO, Takis Spiliopoulos, said:

“We are very pleased with the investment grade rating we have received, which confirms our market leadership position, diverse customer base and high retention rates. Our transition to subscription and growth in SaaS are driving the growth in our recurring revenue and the growth and predictability of our free cash flow. This public rating is expected to increase our access to a broad range of financial and capital markets.”

Investor & Media Contacts

Adam Snyder

Head of Investor Relations, Temenos

+44 207 423 3945 [email protected]

Press and media enquiries

Conor McClafferty | Martin Meier-Pfister

+44 7920 087 914 | +41 43 244 81 40 [email protected] | [email protected]
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