OREANDA-NEWS. National Rating Agency has placed its ‘A+’ credit rating on NEVELCO HOLDING LIMITED (NHL) on its Watchlist with indefinite implications. NRA’s first-time credit rating of ‘A+’ was assigned to the company on Dec. 25, 2014.

NHL’s credit rating will be under close monitoring from the time of its placement on the Watchlist. The Watchlist placement does not mean its suspension, but means that rating actions are possible in the near term.

The Indefinite outlook reflects the absence of up-to-date information on the company’s financial condition.

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.