Fitch affirms Ventrelt at BB-

Fitch Ratings said it affirmed Ventrelt Holdings Ltd.'s long-term foreign and local-currency issuer default ratings at BB- with a stable outlook.

“The ratings reflect the solid operational and financial profiles of Ventrelt, which we expect to be maintained over 2018-2022,” Fitch said in a news release.

“This is due to the stable operations of Ventrelt as a water and wastewater operator, favorable tariffs growth, moderate capex, a planned zero dividend policy, as well as a comfortable debt maturity and liquidity profile.

“However, the ratings are constrained by the group's limited size and diversification relative to larger peers and BB rated Russian companies, as well as an evolving regulatory framework for tariff-setting.”

© 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.