OREANDA-NEWS. National Rating Agency has placed its 'A+' credit rating on NEVELCO HOLDING LIMITED (NHL) on its Watchlist with indefinite implications. NRA's first-time credit rating of 'A+' was assigned to the company on Dec. 25, 2014.

NHL's credit rating will be under close monitoring from the time of its placement on the Watchlist. The Watchlist placement does not mean its suspension, but means that rating actions are possible in the near term.

The Indefinite outlook reflects the absence of up-to-date information on the company's financial condition.