Petrotahlil - Arya became the most reputable company in Iran according to Paya Rating Company, AryaSasol Polymer Company for the first time won the AAA rating as the highest credit rating in Iran.
According to Petrotahlil , in the latest validation published by Paya Credit Rating Company, based on a review of quantitative data including financial statements and financial ratios extracted from it and qualitative characteristics including evaluations related to the company's activities.Corporate governance, operating environment, financing and its records as well as analysis of macroeconomic environment, business and related industry, long-term credit rating −AA with stable outlook and short-term credit rating + A1 with investment grade was allocated to AryaSasol.
Based on Definitions Glossary of of Paya Credit Rating Company, in this category of long-term credit rating, the capacity to fulfill financial obligations is at a very high level. Also, the perspective of Paya Credit Rating is to comment on the possible path of credit rating in the medium term. A stable outlook means that credit ratings are unlikely to change in the foreseeable future.
Accordingly, all quantitative analyses based on audited financial statements and accompanying notes for the fiscal years ending March 2017, 2018,2019 and other information provided by AryaSasol ( publicly held Company) have been performed.
A review of other ranking reports published by Paya shows that no company has previously achieved this credit rating before.
Previously, the highest allocation credit rating was + A, which was obtained by Social Security Investment (Shasta), National Iranian Copper Industries, Mobarakeh Steel of Isfahan, and Mehr Ayandegan Financial Development Group.After that, the A rank was obtained by Pars Paper Industries and the -A rank was assigned to the companies of Persian Gulf Petrochemical Industries, Saba Tamin Investment, Isfahan Cement and Sabad Gardan Charisma.
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