LIDIOMO LTD Assigned ‘A+’ Credit Rating; Outlook Stable
OREANDA-NEWS. National Rating Agency has assigned its national scale ‘A+’ credit rating to LIDIOMO LTD (LL). The outlook for the rating is Stable. It is the first time that the company is rated by NRA.
The rating is supported by LL’s ownership of high-quality assets, healthy liquidity position and financial strength, and its strong beneficial owners with a capacity to provide support in case of distress. In NRA’s opinion, the company’s sources of funds are sufficient to cover its current liabilities in accordance with contract terms.
The rating is constrained by the company’s heavy dependence on market conditions, which stems from the high concentrations in its asset and revenue bases.
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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