Barcelona, December 16, 2025– Moody’s Ratings has upgraded the credit rating of CriteriaCaixa, the holding company that manages the business assets of “la Caixa” Foundation, raising its long-term issuer rating from Baa1 to A3 with a stable outlook.
Moody’s positively assesses the alignment of CriteriaCaixa’s Strategic Plan with the Foundation’s Strategic Plan and its commitment to a more conservative portfolio and financial profile, with a maximum net debt level of 10% of total gross asset value in the medium term.
It also highlights the increased transparency in portfolio management thanks to the 10% limit on alternative investments and the new liquidity portfolio targets (minimum of 10%).
Furthermore, Moody’s emphasized the strength of the holding company’s financial metrics, particularly its high cash generation thanks to the profile of its investee companies.
