Expert RA Assigned LiCo PLC Leasing Company Creditworthiness Rating
OREANDA-NEWS. 'Expert RA' rating agency assigned 'LiCo' leasing company creditworthiness (financial stability) rating A, which means high financial stability, the rating outlook is developing. In this case, the developing outlook means equal probability of maintaining or downgrading the rating in the mid-term.
The high probability of support to the Company from the ultimate owner is the key factor having a positive impact on the Company rating. The acceptable share of equity in the business financing sources and high RoA also influenced the rating positively.
The high debt level with payments past-due and the extremely low leasing portfolio diversification by customers and equipment types are the main rating-restraining factors.
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