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Monday, March 27, 2023

Prima Corporation Limited Retains “A-” Rating By Datapro®

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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

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