16.12.2015, 22:52
MIKOS-7 LLC's National Scale Credit Rating Affirmed
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.
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.
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