Expert RA Confirmed SOGAZ Tower Credit Rating
OREANDA-NEWS. “Expert RA” rating agency confirmed “SOGAZ Tower” creditworthiness rating А+, which means very high credit solvency. The outlook is stable.
The absence of debt, high liquidity, high capital adequacy had a positive impact on “SOGAZ Tower” rating. Also, the Company had moderately high profitability: in 2012, RoA by net profit came to 4.5%, and RoE by net profit, to 4.7%.
Low diversification and narrow geographic reach were regarded as rating-restraining factors. Decrease in the Company's assets and equity as well as inadequate financial disclosures were also noted as limiting factors for the rating.
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