Independent rating agency “Credit-Rating” has confirmed the long-term credit rating of the State Enterprise Plant “Electrotyazhmash” (Kharkiv) at “uaA” level. Estimate – stable. This information was posted on the company website.
For assigning a credit rating, the agency used the plant’s financial statements for the first half of 2015, as well as internal information provided by the company in the rating process.
Stable outlook indicates that there are no anticipated reasons to change rating over the course of the year.
The agency “Credit Rating” notes that the borrower or a debt instrument with a rating uaA is characterized by high creditworthiness compared to other Ukrainian obligors or debt liabilities. This level of creditworthiness is susceptible to adverse business, financial and economic conditions.
Reference. State Enterprise Plant “Electrotyazhmash” specializes in the development and production of hydro-generators, large electric machines, DC, and the complete electrical equipment for urban and electric railway.