Agusto & Co affirms the ‘Bbb’ rating assigned to C&I Group

Rating Release

Agusto & Co affirms the ‘Bbb’ rating assigned to C&I Group

The rating expires on 30 June 2020.

Agusto & Co affirms the ‘Bbb’ rating assigned to C&I Group (“C&I” or “the Group”).  The rating is upheld by good quality assets, good profitability and adequate capitalisation across the individual companies within the Group. The rating is however constrained by a high-cost profile as well as a reliance on costly short-term borrowings.