ICT CYPRUS LIMITED Assigned National Scale ‘A+’ Credit Rating
OREANDA-NEWS. National Rating Agency has assigned its national scale ‘A+’ credit rating to ICT CYPRUS LIMITED. This is the first time that the company has received an NRA’s rating. The rating falls into the “Holding and Financial Companies” section of the Agency’s rating list.
The rating reflects ICT CYPRUS LIMITED’s ownership of high-quality assets, solid financial strength stemming from the high share of equity in its aggregate financing mix, negligible external debt and affiliation with a strong financial and investment group, whose beneficial owners are capable of providing extraordinary support.
Partially offsetting these strengths are the company’s concentrated asset and income bases and high volatility affecting the stability of its financial result.
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