20.11.2015, 23:51
Ardarma Limited's 'A' Credit Rating Affirmed
OREANDA-NEWS. National Rating Agency has affirmed its credit rating Ardarma Limited at 'A'. The company was assigned the 'A' rating on Nov.17, 2014.
The rating is underpinned by the company's high-quality, liquid and transparent assets. In addition, NRA notes the appreciation of securities held by the company during the past year, their increased dividend return and the fact that Ardarma Limited can count on support from its financially strong parent group, diversified into areas including retail trade, construction, financial sector, non-ferrous metals and hi-tech industries.
These strengths are offset, as before, by the weakening macroeconomic fundamentals and deteriorating stock market conditions in the context of the company's considerable market risks, high asset concentration and substantial debt burden.
The rating is underpinned by the company's high-quality, liquid and transparent assets. In addition, NRA notes the appreciation of securities held by the company during the past year, their increased dividend return and the fact that Ardarma Limited can count on support from its financially strong parent group, diversified into areas including retail trade, construction, financial sector, non-ferrous metals and hi-tech industries.
These strengths are offset, as before, by the weakening macroeconomic fundamentals and deteriorating stock market conditions in the context of the company's considerable market risks, high asset concentration and substantial debt burden.
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