Fitch rates Profilo Telra IDR B

Fitch Ratings said it has assigned Profilo Telra Elektronik Sanayi ve Ticaret AS a local currency issuer default rating (IDR) of B with stable outlook.

At the same time Fitch has assigned Profilo a national long-term rating of BBB+(tur) with a stable outlook.

Fitch said the ratings reflect Profilo's adequate export revenues, securing both foreign currency inflows and the geographical diversification of the business.

However, Profilo also has a weak capitalization base, with total adjusted debt to total adjusted capitalization at 82% at fiscal year-end 2005, and the company's cash flows have been irregular over the last three years.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.