NRA: ICT-Capital’s National Scale Credit Rating Affirmed At ‘A+’; Outlook Stable
OREANDA-NEWS. National Rating Agency has affirmed its national scale ‘A+’ credit rating on ICT-Capital LLC. The outlook for the rating is Stable. The company’s first-time credit rating of ‘A+’ from NRA (falling into the “Holding and Financial Companies” section of NRA’s rating list) was assigned on Dec. 16, 2011 and was affirmed each consecutive year. The latest affirmation dates Jan. 28, 2015.
The rating is supported by the company’s high financial strength determined by its sizable equity and equity’s large share in the funding base, zero external debt, strong liquidity position and affiliation with ICT Group, one of Russia’s largest investment and industrial investors. NRA also notes ICT–Capital’s strong corporate governance practices and high business operating standards. The rating is constrained by the persistent volatility of ICT–Capital’s revenue and financial results, associated with the company’s concentrated income base, and ICT–Capital’s fairly high operating exposure to risks inherent to financial markets.
ICT–Capital specializes in investment and financial planning, including planning on behalf of ICT Group’s investment projects.
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