Princerus Holdings Ltd's 'A' Credit Rating Affirmed
Princerus Holdings's rating is supported by its high-quality assets with high investment appeal and liquidity. Another rating strength is the appreciation of securities held by the company during the past year and their increased dividend return. NRA also notes that the company can count on its ultimate beneficial owner for support.
The rating is constrained by the company's high exposure to the construction sector and the related market and macroeconomic risks. Low capital adequacy makes Princerus Holdings's credit profile dependent on external support. The company's debt burden is fairly high.