Expert RA Confirms GPB Energy Services Credit Rating
OREANDA-NEWS. 'Expert RA' rating agency confirmed 'GPB Energy Services' creditworthiness rating A, the first sub-level, the stable outlook.
High probability of the owner's support, absence of debt as of June 30, 2013, high liquidity, low currency risks and the low share of receivables in assets had a positive impact on the Company rating.
Low business diversification, the Company's loss in 2012, negative capital volume and the high share of one counterparty in payables as of June 30, 2013, were highlighted among the rating-restraining factors. In addition, the high share of payables in liabilities as of June 30, 2013, inadequate financial disclosures and 1H2013 decrease in assets restrained the Company rating.
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