Ferroalloy Invest's 'A+' Credit Rating Affirmed; Outlook Stable
OREANDA-NEWS. National Rating Agency has affirmed its national scale 'A+' credit rating on Ferroalloy Invest LLC (FI). The outlook for the rating is 'stable'. NRA's first-time individual credit rating (falling into the “Holding and Financial Companies” of 'A+' was assigned to FI on Dec. 14, 2012 and re-affirmed each consecutive year (the latest affirmation dates back to Dec. 10, 2014).
The rating is supported by FI's consistently strong financial profile, underpinned by the company's sizable equity and the equity's considerable contribution to the total funding mix, PIL's stable and long-term liability base, strong liquidity position and earnings generation capacity. NRA notes FI's low-risk and transparent investment portfolio and the high probability of extraordinary support from its beneficial owners.
The rating is constrained by the company assets' insufficient diversification by sector and its revenue base high reliance on securities trading operations, which may affect the stability of FI's cash flows.
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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