Credo Line confirms Ukrplastic’s long-term credit rating

International rating agency Credo Line has confirmed a positive credit rating and level of reliability of the international business group Ukrplastic Group. The long-term rating level "crBB" has been confirmed for the period up to March of 2016. The rating process included the analysis of key performance indicators and compliance with certain criteria, including key factors such as the state of the market environment and the company's position in it, financial resources, availability of assets to secure future payments, loan burden and the financial transparency of business.

The highest contributions to the rating factors are financial stability and liquidity. Depending on the values obtained the rated company belongs to one of four classes of solvency. Ukrplastic Group has been placed in the second class of solvency.

Credo Line is operating in the Ukrainian market as the first specialized agency that assigns credit ratings of Ukrainian enterprises importing at the initiative of foreign export credit agencies (ECAs).

For reference: UKRPLASTIC GROUP is the largest East European manufacturer of flexible packaging materials for food, cosmetic, pharmaceutical and other industries. It is listed among the Top-30 global companies of this profile. Supplies flexible packaging materials and packaging to companies in Russia, Ukraine, CIS countries, Western, Central and Eastern Europe and South Africa.

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