 has in its latest report retained Prima Corporation Limited long-term rating of “A-” with a Positive outlook for the year 2021/2022.){kind=link}
DataPro, the Technology-Driven Credit Rating Agency (CRA) has in its latest report retained Prima Corporation Limited long-term rating of “A-” with a Positive outlook for the year 2021/2022.
The “A-” indicates Low Risk. It shows Very Good Financial Strength, Operating
Performance and Business Profile when compared to the standard established by
DataPro. This Company, in our opinion, has a strong ability to meet its ongoing obligations.
The DataPro Rating Committee approved the Rating after assessment of the Company’s Financial Performance, Asset Quality, Liquidity, Profitability, Corporate Governance & Risk Management, Risk Factors and Future Outlook of its current healthy profile in the medium to long-term period.
The Rating of Prima Corporation Limited is supported by its Strong Business Profile, Good Business Support from its Associate Companies and Good Liquidity Profile.
Prima Corporation Limited had a Short-Term Rating of “A1” which 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.h