BB credit rating for Caola Zrt.
2022.02.03.
The BCRA - credit rating agency, which on April 4, 2011 became the first Bulgarian and the third fully recognized credit rating agency registered in the EU, gave Caola Ltd. a BB credit rating and a BB bond rating. The ratings given by BCRA are valid throughout the EU and are completely equal with ratings issued by European Securities and Markets Authority (ESMA) and accepted by other agencies, without any territorial or other restrictions. At the meeting held by BCRA on February 11, 2022, the initial credit rating of Caola Zrt. was determined. The meeting was chaired by Dr. Kiril Grigorov, chairman of the qualification committee. After evaluating a number of qualitative and quantitative risk factors, the members of the rating committee, in accordance with their corporate rating methodology, decided that Caola Ltd. has
- long-term issuer credit rating: BB-, outlook: stable,
- long-term bond rating: BB, outlook: stable.
The issuer's credit rating is based on Caola Zrt.'s long-term success story, as well as future business development prospects and reliable credit indicators. The outlook is stable, the risks are balanced. The expected gross financial growth is positive, Caola Zrt. will be able to generate more than enough cash flow to service its obligations in a timely manner.
