Dipula’s credit rating improves thanks to restructuring
The company’s financial flexibility has improved and earnings resilience is expected to continue, says Global Credit Ratings
12 August 2022 - 19:43
After the collapse of its dual capital structure into ordinary shares in April, Dipula Income Fund’s credit rating has been upgraded due to its solid operational performance and stable operating profit throughout the pandemic.
Global Credit Ratings (GCR) upgraded Dipula’s SA long- and short-term debt to BBB+ and A2, respectively, citing certainty that the company will be able to repay its debt after a solid performance. The ratings agency said there could be further ratings improvements if Dipula diversifies its funding sources and lengthens its debt maturity...
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