Expert RA Confirms En Group Credit Rating
OREANDA-NEWS. 'Expert RA' rating agency confirmed 'En+ Group Limited' credit rating А+, which means very high credit solvency, the third sub-level. The outlook is stable, which means high probability of maintaining the rating in the mid-term.
The moderately high capital adequacy, low receivables, and low payables had a positive impact on the rating. The high business activity, the high risk management level and high insurance coverage quality were highlighted among the positive factors influencing the rating.
However, the moderately high debt, negative capital changes and low liquidity were regarded as the rating-restraining factors. The Agency's analysts noted low profitability ratios and moderately high currency risks.
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