10.12.2015, 23:53
Tander JSC's Credit Rating Affirmed
OREANDA-NEWS. National Rating Agency has affirmed its national scale 'AA+' credit rating on Tander JSC. The outlook assigned to the rating is Positive. The company was assigned NRA's 'AA+' credit rating on Sep. 4, 2013. the rating was affirmed at this level on Nov. 26, 2014.
The affirmation reflects Tander's leading position in its home market, strong growth dynamics, evidenced by the increasing business volumes and still high capitalization level, combined with moderate debt. The Positive outlook reflects the company's long track record of strong operating and financial performance and NRA's expectations of company's continued growth as a result of further business expansion.
The rating is constrained by the company's aggressive growth strategy that envisages large capital expenditures, which may affect the cash flow stability and rise the company's debt level.
The affirmation reflects Tander's leading position in its home market, strong growth dynamics, evidenced by the increasing business volumes and still high capitalization level, combined with moderate debt. The Positive outlook reflects the company's long track record of strong operating and financial performance and NRA's expectations of company's continued growth as a result of further business expansion.
The rating is constrained by the company's aggressive growth strategy that envisages large capital expenditures, which may affect the cash flow stability and rise the company's debt level.
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