Mastin Holdings Limited Assigned National Scale ‘A’ Credit Rating
OREANDA-NEWS. National Rating Agency has assigned its national scale ‘A’ credit rating to Mastin Holdings Limited (MHL). 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 MHL’s ownership of high-quality and potentially appreciating assets, good liquidity position, sizable equity representing a significant part of its total funding and its strong beneficial owner with a capacity to provide financial support, including financial guarantees.
Factors constraining the rating are the volatility of MHL’s revenue and financial results stemming from the company’s heavy reliance on funds generated by its investment portfolio. NRA also notes the investment portfolio’s high industry concentration and the fact that MHL has invested considerably in assets associated with a development programme that involves heavy investment costs.
NRA’s analytical products, including ratings and the contents of this press release, are statements of NRA’s independent opinion as of the date they are expressed and not statements of fact or recommendations to make any investment decisions or conduct any stock market transactions. NRA is not responsible for any results obtained from the use of opinions and/or information contained in this press release.
While NRA has obtained information from sources it believes to be reliable, NRA does not guarantee that this information is perfectly correct, complete and accurate, as it does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives.