Corporate Credit Rating 2025 for PASOLINI LUIGI SRL: B1 (Affirm)

modefinance published the Solicited Corporate Credit Rating of PASOLINI LUIGI S.R.L. on the website and the rating assigned to the entity is B1 (Affirm). The analysis revealed how the company has adequate capabilities to honor obligations and can face adverse and changing economic conditions in the medium and long term.

PASOLINI LUIGI S.R.L. specializes in developing exhibition and communication solutions for retail outlets. The company is currently a key partner for large-scale retail chains, thanks to its ability to deliver effective and innovative display solutions. Since 2020, it has also been operating as a general contractor, providing consultancy, concept development, design, and turnkey solutions for store fit-outs. This approach allows the company to act as a single point of contact for the supply and installation of sales and consumer areas, ensuring full alignment with each client’s brand identity and image.

Overall, solvency levels can be considered satisfactory, with the main indicators showing improvement compared to the previous fiscal year. This reflects the sustainability of the company’s current financial debt. Liquidity and profitability indicators remain at adequate levels and are essentially unchanged from the prior year.

The Company has a clear corporate structure, with shareholders including Mr. Giacomo Pasolini (40%), Mr. Pierpaolo Pasolini (40%), and Athena Financial Advisory S.r.l. (20%). Governance is entrusted to a board of directors, supported by a single-member supervisory body. Since January 1st, 2023, the Company has adopted an Organizational and Management Model pursuant to Legislative Decree 231/2001, together with a Code of Ethics.

In terms of scale, PASOLINI LUIGI S.R.L. holds a strong position in revenue, but it ranks below the industry median in both solvency and profitability. The peer group analyzed shows a solid capital structure, with stable and moderate values throughout the entire period under review, and key indicators improving compared to the previous fiscal year. Financial balance remains appropriate, while the main profitability indicators have showed a slight decline.

In the fourth quarter of 2024, economic activity in Italy remained weak. The manufacturing sector remains sluggish, while services and construction expanded slightly, partly supported by the National Recovery and Resilience Plan (PNRR). Domestic demand was constrained by a slowdown in household spending and persistently unfavorable investment conditions. In the autumn, Italian goods exports were weighed down by a sharp decline in global demand, and looking ahead, protectionist policies announced by the new U.S. administration are expected to negatively impact sales to the American market. According to the most recent projections by the Bank of Italy, GDP grew by 0.5% in 2024 and is expected to expand at an average annual rate of around 1% over the 2025–2027 period.

The present Corporate Credit rating is issued by modefinance under EU Regulation 1060/2009 and following amendments.

The present rating is solicited and is based on both private and public information. The rated entity and/or related third parties have provided all private information used. Modefinance had access to some accounts and other relevant internal documents of the rated entity and/or related third parties. Solicited and unsolicited ratings issued by modefinance are of comparable quality, as the solicitation status has no effect on methodologies used. More comprehensive information on modefinance Corporate Credit Ratings are available at http://cra.modefinance.com/en

The present Corporate Credit Rating is issued on MORE Methodology 2.0 and Rating Methodology 1.0. A comprehensive description of both methodologies, as well as information on Modefinance Rating Scale and Mappings, is available at http://cra.modefinance.com/en/methodologies.

For information on historical default rates of modefinance Corporate Credit Ratings please refer to ESMA Central Repository and ESMA European Rating Platform.

modefinance refers to default as a company under bankruptcy, or under liquidation status, or under administration or for which missed payments on a financial obligation are officially recorded.

The quality of the information available on the rated entity and used to determine the present rating was judged by modefinance as satisfactory. Please note that modefinance does not perform any audit activity and is not in a position to guarantee the accuracy of any information used and/or reported in the present document. As such, modefinance can accept no liability whatsoever for actions taken based on any information that may subsequently prove to be incorrect.

The present credit rating was notified to the rated entity in order to identify potential factual errors, as prescribed by the CRA Regulation.

No amendments were applied after the notification process.

The rated entity is not a buyer of ancillary services provided by modefinance.

The rating action issued by modefinance was performed independently. The analysts, members of the rating team involved in the process, modefinance Srl and its members and shareholders do not have any conflicts of interest in relation to the Rated Entity and/or Related Third Parties. If in the future a potential conflict of interest is identified in relation to the people reported above, modefinance Ratings will provide the appropriate information and if necessary the rating will be withdrawn.

The present Credit Rating is an opinion of the general creditworthiness that modefinance issues on the rated entity, and should be relied upon to a limited degree. The issued rating is subject to ongoing monitoring until withdrawal.

Head Analyst - Tommaso Viola, Rating Analyst
tommaso.viola@modefinance.com

Responsible for Rating Approval - Pinar Dilek, Rating Process Manager
pinar.dilek@modefinance.com