OREANDA-NEWS. National Rating Agency has affirmed its national scale 'A' credit rating on SODBURY HOLDINGS LIMITED (SHL). The company was assigned NRA's credit rating of 'A', falling into the "Holding and Financial Companies" section of NRA's rating list, was first assigned on Dec. 19, 2014.

The company's creditworthiness is supported by its consistently profitable operations facilitating equity growth, strong liquidity metrics, stable funding base and access to long-term financing options with comfortable payment terms, improving diversification by investment type (the pool of the company's projects is increasing every year), and the successful delivery of a number of projects. NRA also notes SHL's supportive key partners and beneficiaries.

The rating is constrained by SHL's increasing debt burden, associated with its expanding business, relatively low capital adequacy metrics, the company's exposure to the market risk that may, amid the market volatility, affect its investment income , and the adverse macroeconomic environment, potentially affecting the prospects of SHL's key projects.