30.12.2015, 23:32
Primanychesky's Credit Rating Affirmed
OREANDA-NEWS. National Rating Agency has affirmed its national scale 'A' credit rating on Primanychesky LLC. Primanychesky's parent AFG National Group was assigned NRA's, first-time credit rating of 'A' (which was extended to Primanychesky) on Apr. 22, 2013. The rating was affirmed on Aug. 14, 2014.
The current affirmation reflects the consistently robust financial profile of AFG National Group (ANG), to which the rated entity is a subsidiary. The Group's financial ratios, including capital/ liquidity adequacy and profitability metrics, have several times reached high values and have been on an upward trajectory, according to ANG's consolidated financials.
The Group's total debt is viewed as manageable, while its debt-to-equity and debt-to-EBITDA ratios are declining. NRA also notes Primanychesky's good stand-alone financial profile, in particular the high equity-to-total-liabilities ratio, low debt level and fairly high balance-sheet liquidity and profitability indicators during the nine months ended Sep. 30, 2015. In NRA's opinion, AFG National Group has good growth prospects, as its production and sales metrics are on a growth path, the operating environment for agricultural producers is favourable, and the Group's sizable investments in capacity expansion and produce diversification are already paying back. All this has been factored in the Positive rating outlook.
Primanychesky's rating is constrained by the 'A' credit rating of AFG National LLC, the core operating company of the Group, which NRA has affirmed with a positive outlook.
The current affirmation reflects the consistently robust financial profile of AFG National Group (ANG), to which the rated entity is a subsidiary. The Group's financial ratios, including capital/ liquidity adequacy and profitability metrics, have several times reached high values and have been on an upward trajectory, according to ANG's consolidated financials.
The Group's total debt is viewed as manageable, while its debt-to-equity and debt-to-EBITDA ratios are declining. NRA also notes Primanychesky's good stand-alone financial profile, in particular the high equity-to-total-liabilities ratio, low debt level and fairly high balance-sheet liquidity and profitability indicators during the nine months ended Sep. 30, 2015. In NRA's opinion, AFG National Group has good growth prospects, as its production and sales metrics are on a growth path, the operating environment for agricultural producers is favourable, and the Group's sizable investments in capacity expansion and produce diversification are already paying back. All this has been factored in the Positive rating outlook.
Primanychesky's rating is constrained by the 'A' credit rating of AFG National LLC, the core operating company of the Group, which NRA has affirmed with a positive outlook.
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