Dubai, United Arab Emirates Mar 10, 2021 (Issuewire.com) - BEAUFOND PLC, Rated - AA by Infomerics Ratings
Beaufond Plc announced today that the International Ratings agency, Infomerics Valuation and Rating Pvt Ltd ("Infomerics") assigned the company AA rating. The outlook is very stable.
These ratings confirm Beaufond's "High degree of safety regarding timely servicing of financial obligations and carry very low credit risk" provides investors and stakeholders with an increased diversity of independent opinions.
Infomerics is an accredited Credit Rating Agency and regulated by the Reserve Bank of India and registered with the Securities and Exchange Board of India (SEBI). It is the second credit rating agency to rate Beaufond Plc., as the company is already rated 5A1 continuously for the last 3 years, by Dun & Brad Streets. Both ratings have very stable outlooks.
Infomerics observes the rating as "positively notes its asset light model of operations which enables the company to scale up operations without incurring significant capital expenditure" and remarked the upward factors as "Significant growth in scale of business with improvement in profitability metrics thereby leading to an overall improvement in cash accruals on a sustained basis with effective working capital management with improvement in operating cycle and liquidity"
The ratings in total reflect Beaufond's balance sheet strength, which the credit agency assesses as strong, as well as its strong operating performance and ample liquidity, excellent business profile and appropriate enterprise risk management.
About: Beaufond PLC
Beaufond PLC is a Global company registered at DIFC, Dubai. The company has evolved into market-leading international businesses maximise the value created by the company over the last 12 years. Beaufond Plc is one of the largest international trading and distribution company, having a presence with operation in six continents across the globe, enjoys a dominant position in the various business verticals that it operates, apply world-class practices every day and expand into adjacent technical insulation end markets, continuously extending its temperature range and equipment verticals. Since the inception of Beaufond, we have developed breakthrough category-leading products that have helped to shape our industry.
For more information, please contact:
Media & Communication Desk
Christopher Lynn
Email: media.relations@beaufond.com
Media Contact
Christopher Lynn
Source :BEAUFOND PLC - PUBLIC LIMITED COMPANY
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