DataPro, a leading national Credit Rating Agency (CRA) recognised and approved by the Securities & Exchange Commission (SEC), has in its latest report assigned BBB Rating to Mixta Real Estate Plc with a Stable Outlook for the year 2020/2021.
The Rating of BBB indicates Slight Risk. It shows fair financial strength, operating performance and business profile when compared to the standard established by DataPro. This Company, in our opinion, has the ability to meet its ongoing obligations, but its financial strength is vulnerable to adverse changes in economic conditions.
The DataPro Rating Committee approved the Rating after assessment of the Company’s Financial Performance, Corporate Governance & Risk Management and Risk Factors of its current healthy profile in the medium to long-term period.
The Rating of Mixta Real Estate Plc is supported by its Experienced Management Team and Strong Brand Presence.
However, it is constrained by weak liquidity and high debt profile.
Mixta Real Estate Plc subsequently got a short-term rating of A2 indicating Fair Credit Quality and adequate capacity 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.