OREANDA-NEWS. April 06, 2016. International rating agency Credo Line has confirmed a positive credit rating and level of reliability of the international business group Ukrplastic Group. The long-term rating level "crBB" has been confirmed for the period up to March of 2017. The rating process included the analysis of key performance indicators and compliance with certain criteria, including key factors such as the state of the market environment and the company's position in it, financial resources, availability of assets to secure future payments, loan burden and the financial transparency of business.

The highest contributions to the rating factors are financial stability and liquidity. Depending on the values obtained the rated company belongs to one of four classes of solvency. Ukrplastic Group has been placed in the second class of solvency.

Credo Line is operating in the Ukrainian market as the first specialized agency that assigns credit ratings of Ukrainian enterprises importing at the initiative of foreign export credit agencies (ECAs).

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The company UKRPLASTIC is Eastern Europe’s largest manufacturer of flexible packaging materials for the good, cosmetic, pharmaceutical, and other industries. It delivers flexible packaging materials and packaging to companies in the countries of Eastern and Central Europe, Africa and Asia. It is in the top 15 European companies of its profile. The company has for more than 15 years provided packaging materials for Danone, Lactalis, Nestle, Tchibo, Mondelez (Kraft Foods), and others.