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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.

This Rating Release is transmitted to you for the sole purpose of dissemination through your newspaper / magazine / agency. The rating release may be used by you in full or in part without changing the meaning or context thereof but with due credit to Agusto & Co.