DataPro Assigned "Aplus" Rating to United Capital Plc

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Monday, August 16, 2021 / 08:51 PM / by DataPro / Header Image Credit: United Capital

 

DataPro, a leading National Credit Rating Agency (CRA) recognised and approved by the Securities & Exchange Commission (SEC), has in its latest report assigned A+ Rating to United Capital Plc with a Stable Outlook for the year 2020/2021.

 

The A+ indicates Low Risk. It shows very good Financial Strength, Operating Performance and Business Profile when compared to the standards established by DataPro. This company, in our opinion, has the ability to meet its ongoing obligations

 

The DataPro Rating Committee approved the Rating after assessment of the Company's Financial Performance, Corporate Governance & Risk Management, Risk Factors, Regulatory Environment, Future Outlook of its current healthy profile in the medium to long-term period.

 

The Rating of United Capital Plc is supported by its diversified Revenue Sources, High Quality Assets and Investment Profile.

 

United Capital Plc subsequently got a short-term rating of A1. This indicates Good Credit Quality and satisfactory capacity for timely payment of financial commitments

 

DataPro notes that the rating carries a maximum shelf life of 12 calendar months, in line with international best practice. The rating is therefore not an offer to trade in securities nor a substitute for the user's judgement. It is meant for reference purposes.


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