RAEX Confirms Larkan Company Credit Rating
OREANDA-NEWS. Expert RA Rating Agency (RAEX) confirmed Larkan company credit (long-term creditworthiness) rating A ("High level of creditworthiness"), the second sub-level, with the stable outlook.
The rating was positively influenced by high liquidity ratios, moderately high level of profitability, low currency risks.
As the rating-restraining factors the Agency highlighted medium high level of debt burden, low level of financial information disclosure, low level of capital adequacy in relation to the book value of assets and poor financial performance of main borrowers of the Company.
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