Omnia receives highest credit rating to date, on solid performance
RATING agency Global Credit Rating (GCR) has upgraded Omnia’s long-term rating to A- from BBB+ and short-term rating to A1- from A2 with a rating outlook of stable.On Thursday, Omnia said this was the highest credit rating the company has received to date, and attributed the upgrade to its improved financial profile, and its continued solid business performance.Omnia managing director Rod Humphris said on Thursday: "We are very pleased with the ratings assigned to the group by GCR. They are a validation of the strength of our existing business strategy and our leading position within the chemical services sector. This upgrade reflects the diversification, integration and financial stability we have built into our business model."I am especially pleased that GCR recognises the benefits of the new nitric acid complex, which heralds a significant and much needed investment in the future of South Africa’s agricultural and mining sector, enabling us to add greater value to our customers,...
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