OREANDA-NEWS. National Rating Agency has affirmed its national scale ‘A’ credit rating on Angstrom Trading LLC. The outlook for the rating is Positive. The company's credit rating is an extension of the ‘A’ credit rating on AFG National Group, which was first assigned on Apr. 22 2013 and affirmed on Aug. 14, 2014.

The affirmation reflects the robust financial profile of AFG National Group, to which the rated entity is a subsidiary. The Group's financial ratios, including capital/ liquidity adequacy and profitability metrics, have several times reached high values and have been on an upward trajectory, according to the Group's consolidated financials. NRA also notes Angstrom Trading’s good stand-alone financial profile, in particular its fairly high equity-to-total-liabilities ratio, low debt level and high balance-sheet liquidity ratios. In NRA's opinion, AFG National Group has good growth prospects, considering its improving production and sales metrics, the favourable operating environment for agricultural producers, and the Group's sizable investments in capacity expansion and produce diversification, which are already paying back. All this has been factored in the Positive rating outlook.

The rating is constrained by the 'A' credit rating of AFG National LLC, the core operating company of the Group, which NRA has affirmed with a positive outlook.

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.