Reserve Trust Company's 'BBB+'Credit Rating On Watchlist Indefinite
OREANDA-NEWS. National Rating Agency (NRA) has placed its national scale 'BBB+' credit rating on Reserve Trust Company CJSC (RTC) on its Watchlist with indefinite implications. RTC was assigned NRA's first-time 'BBB-' credit rating on May 30, 2012. The rating was re-affirmed each consecutive year (the latest rating action dates Oct. 7, 2015.)
The company's credit rating has been under review from the time of its Watchlist placement. In fact, the rating has not been suspended, but the Watchlist placement indicates a high probability of near-term rating actions on the company, including the rating affirmation, downgrade by one or several notches, suspension or withdrawal, as well as the rating outlook revision.
The Indefinite outlook is based on the changes in RTC's ownership structure and associated restructuring of assets that have been reflective of the company's creditworthiness. NRA views the uncertainties around RTC's operational activity, financial policy and corporate governance as a risk that warrants the Watchlist placement.
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.
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