OREANDA-NEWS. National Rating Agency has assigned its national scale ‘BBB’ credit rating to HFL-Finance LLC. The outlook for the rating is Stable. It is the first time that the bank is rated by NRA.

The rating reflects the company’s adequate financial profile, in particular, its earnings generation capacity, improving revenue, capital and net profit metrics, and its strong balance-sheet liquidity position. The rating also recognizes that HFL-Finance’s borrowing portfolio is well diversified by creditor bank, and that one of the creditor banks is the company’s strategic partner. 

The rating is constrained by the company’s modest profitability ratios, considerable debt burden and its predominantly short-term debt maturity profile. In addition, NRA notes that there have been factors that have affected the company’s business standing during the period under review, which has also weighed on the rating score.

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.