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.
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