RAEX Upgrades GPB Energy Services Credit Rating
OREANDA-NEWS. Expert RA Rating Agency (RAEX) upgraded GPB Energy Services credit (long-term creditworthiness) rating to A+ ("Very high level of creditworthiness"). The second rating sub-level, rating outlook is "stable". Earlier the Company was assigned credit rating A "High level of creditworthiness" with a stable outlook, the first sub-level.
The rating was positively influenced by high probability of financial support on the part of the owners, absence of accounts receivable as of 30.09.2014, high liquidity ratios.
Absence of real commercial activity of the Company and low level of capital adequacy ratio are highlighted among rating restraining factors.
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