250 Concrete Goods Factory’s Credit Rating Affirmed At ‘A+’
The rating is supported by the company’s long operational track record, leading position in its market segment, persistently high capitalization and decreasing debt burden. The rating also recognizes the investments directed toward the development of the company (replacement of fixed assets and improvement of production processes) and the company’s affiliation with a strong and highly supportive group.
The rating is constrained by the company’s exposure to a high concentration risk, with a single customer accounting for a large part of business flows and revenues, and the resultant dependence of the company’s operating performance on the observance of construction work schedules. Another negative factor is the construction sector current situation, compelling the company to adjust its output and sales plans for 2015 and optimize its costs.
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