MIKOS-7 LLC’s National Scale‘A’Credit Rating Affirmed; Outlook 'Stable'
OREANDA-NEWS. National Rating Agency has affirmed its national scale 'A' credit rating on Mikos-7 LLC. The outlook for the rating remains 'stable'. The rating was affirmed at this level on Dec. 11, 2014.
The rating is supported by the company's stable operating performance, consistently strong liquidity position, access to long-term funding ang high-quality assets (the Atlantis Galery Retail & Entertainment Complex; REC). NRA also notes the company management team's expertise in commercial property development and management. The REC owned by the company has a diversified customer base, high occupancy rate and provides a stable rental flow.
Risk factors include, as before, the company's low equity capital ratio and high, albeit decreasing, debt burden. The rating is also constrained by the company's low net profit margin in the context of the commercial real estate market's operating environment, which is adverse in NRA's opinion.
NRA’s analytical products, including ratings and the contents of this press release, are statements of NRA’s independent opinion as of the date they are expressed and not statements of fact or recommendations to make any investment decisions or conduct any stock market transactions. NRA is not responsible for any results obtained from the use of opinions and/or information contained in this press release.
While NRA has obtained information from sources it believes to be reliable, NRA does not guarantee that this information is perfectly correct, complete and accurate, as it does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives.
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