06.02.2016, 16:32
Platform Finance LLC's Credit Rating Affirmed
OREANDA-NEWS. National Rating Agency has affirmed its national scale 'A' credit rating on Platform Finance LLC. The outlook for the rating is Stable.
Platform Finance was assigned NRA's first-time credit rating of 'A+' (falling into the "Holding and Financial Companies" section of NRA's rating list) on Dec. 26, 2012.The rating was lowered to 'A' on Mar. 6, 2015.
The rating is supported by the company's profitable operations and successful delivery of projects Platform Finance has been working on since 2014, the factors that have allowed the company to pay off its external debt. NRA also notes the company's beneficial owner and strategic partners that have capacity and capability to support Platform Finance in case of distress.
The rating is constrained by the low diversification and liquidity of Platform Finance's investment portfolio and the high probability of the company's leverage increase due to potential investments in new projects.
Platform Finance was assigned NRA's first-time credit rating of 'A+' (falling into the "Holding and Financial Companies" section of NRA's rating list) on Dec. 26, 2012.The rating was lowered to 'A' on Mar. 6, 2015.
The rating is supported by the company's profitable operations and successful delivery of projects Platform Finance has been working on since 2014, the factors that have allowed the company to pay off its external debt. NRA also notes the company's beneficial owner and strategic partners that have capacity and capability to support Platform Finance in case of distress.
The rating is constrained by the low diversification and liquidity of Platform Finance's investment portfolio and the high probability of the company's leverage increase due to potential investments in new projects.
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