22.12.2015, 22:14
KIT Finance's Credit Rating Raised
OREANDA-NEWS. National Rating Agency has raised its national scale credit rating on KIT Finance (LLC) to 'A+'. The company was assigned NRA's first-time credit rating of 'A' on Oct. 21, 2014.
The company's enhancing capital base, strengthening liquidity position and its markedly increased profit for 2012 are viewed positively. NRA notes KIT Finance's considerable experience in the stock market, where it has a strong and stable position. The company consistentlyimproves its financial discipline, as evidenced by the quality and size of its reports, used by the senior management for the managerial decision making purposes. The rating recognizes KIT Finance's strong corporate governance practices and up-to-date organizational structure that helps minimize the company's operational risk and risks related to its business processes.
NRA notes the positive financial result that the company managed to achieve despite the adverse operating environment, and the parent support, which the company may rely on.
The company's enhancing capital base, strengthening liquidity position and its markedly increased profit for 2012 are viewed positively. NRA notes KIT Finance's considerable experience in the stock market, where it has a strong and stable position. The company consistentlyimproves its financial discipline, as evidenced by the quality and size of its reports, used by the senior management for the managerial decision making purposes. The rating recognizes KIT Finance's strong corporate governance practices and up-to-date organizational structure that helps minimize the company's operational risk and risks related to its business processes.
NRA notes the positive financial result that the company managed to achieve despite the adverse operating environment, and the parent support, which the company may rely on.
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