LATEST UPDATES
Card-image-cap

Economy | Reviews & Outlooks

GCR Places Ardova Plc’s National Scale Issuer and Issue Ratings on “Review Extension”

Feb 28, 2023   •   by   •   Source: GCR Ratings   •   eye-icon 152 views

GCR Ratings (“GCR”) has placed Ardova Plc’s long-term and short-term national scale Issuer ratings of A-(NG) and A2(NG) respectively, as well as the Series 1 Senior Unsecured Bonds on ‘Review Extension’.

 

The rating process is ongoing and GCR expects to publicly release the updated ratings result on or before 31 March 2023. The ratings assigned in the last review are still in effect and remain unchanged until the review process is completed.

 

Ratings History

 

Ardova Plc

 

Rating class

Review

Rating scale

Rating

Outlook/Watch

Date

Long Term Issuer

Initial

National

A-(NG)

Stable

June 2016

Short Term Issuer

Initial

National

A1-(NG)

Long Term Issue

Initial

National

A-(NG)

Stable

August 2022

Long Term Issuer

Last

National

A-(NG)

Rating Watch Negative

August 2022

Short Term Issuer

Last

National

A2(NG)

Long Term Issue

Last

National

A-(NG)

Rating Watch Negative

August 2022

 

Salient Points of Accorded Rating

GCR affirms that a.) no part of the ratings process was influenced by any other business activities of the credit rating agency; b.) the ratings were based solely on the merits of the rated entity, security or financial instrument being rated; and c.) such ratings were an independent evaluation of the risks and merits of the rated entity, security or financial instrument.

 

Related items.

Get the App

apple-store  play-store

Connect with us


Proshare is a professional practice focused on delivering research and information services to bridge the gap between investors and markets; by delivery on credible, reliable, and timely engagements through the following areas — Impact Research, Market Intelligence, Strategic Advisory, Stakeholder Relations & Digital Media.