PIK Assigned National Scale Credit Rating
OREANDA-NEWS. National Rating Agency has assigned its national scale 'A+' credit rating to PIK+ LLC.
The rating reflects the company's ownership of good-quality assets, reasonable liquidity position and financial strength, and strong beneficiary owners with a capacity to provide extraordinary support. The sources of income needed to service and repay the company's debt in accordance with contractual terms are viewed as adequate.
The rating is constrained by risks, such as the company's short operating track record, low share of equity capital in the funding base and heavy dependence on market conditions, stemming from high asset and revenue concentration.
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