RAEX Assigns Towzen Financial Company Credit Rating
OREANDA-NEWS. Expert RA Rating Agency (RAEX) assigned Towzen Financial Company credit (long-term creditworthiness) rating A, which means high level of creditworthiness, the third sub-level. The rating outlook is "stable", which means the likelihood of mid-term rating stability is high.
The rating was positively influenced by availability of additional leveraged financing, absence of accounts receivable and payable in the total balance as of 31.10.2014.
Among rating restraining factors highly concentrated investments of the Company, high level of debt burden, low level of diversification of the liabilities structure and high currency risks were highlighted.
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