30.12.2015, 01:12
Angstrom LLC's Credit Rating Affirmed
OREANDA-NEWS. National Rating Agency has affirmed its national scale 'A' credit rating on Angstrom LLC (Angstrom). The outlook for the rating is Positive. The company's credit rating is an extension of its parent AFG National Group's credit rating, which was first assigned by NRA 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. The Group's total debt is viewed as manageable, while its debt-to-equity and debt-to-EBITDA ratios are declining.
NRA alsonotes Angstrom's good stand-alone financial profile, in particular the high equity-to-total-liabilities ratio, zero debt position and strong balance-sheet liquidity indicators. In NRA's opinion, AFG National Group has good growth prospects, as its production ans sales metrics are on a growth path, the operating environment for agricultural producers is favourable, and the Group's sizable investments in capacity expansion and produce diversification are already paying back. All this has been factored in the Positive rating outlook.
Angstrom's 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.
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. The Group's total debt is viewed as manageable, while its debt-to-equity and debt-to-EBITDA ratios are declining.
NRA alsonotes Angstrom's good stand-alone financial profile, in particular the high equity-to-total-liabilities ratio, zero debt position and strong balance-sheet liquidity indicators. In NRA's opinion, AFG National Group has good growth prospects, as its production ans sales metrics are on a growth path, the operating environment for agricultural producers is favourable, and the Group's sizable investments in capacity expansion and produce diversification are already paying back. All this has been factored in the Positive rating outlook.
Angstrom's 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.
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