Expert RA Assigns Tropicano Finance B.V. Creditworthiness Rating
OREANDA-NEWS. 'Expert RA' rating agency assigned 'Tropicano Finance B.V.' creditworthiness rating A, which means high credit solvency, the third rating sublevel, the stable outlook. The stable outlook means high probability of maintaining the rating in the mid-term.
Low currency risks, high insurance protection of investees, the low share of receivables in assets and the absence of payables as of December 31, 2013, had a positive impact on the Company rating.
The Agency's analysts regard low liquidity, the high debt level of the investee companies, as well as their loss and narrow geographic footprint among the rating-restraining factors.