Arya Sasol achieves the highest credit rating in Iran
Based on the accreditation of Paya Credit Rating Co., Arya Sasol Polymer Company (ASPC) has achieved the highest credit rating in Iran and has become the most credible company in this country.
According to Paya Credit Rating Co., ASPC has succeeded in achieving an AA- rating, considered as the highest credit rating in this country for the first time. According to the public relations department of ASPC, in the latest validation published by Paya Credit Rating Co., and based on a review of quantitative data including financial statements and financial ratios derived from it, and qualitative characteristics including evaluations related to the company’s activities, corporate governance, operating environment, financing and track records as well as analysis of the macroeconomic environment, related in business and industry, Arya Sasol Polymer Company has successfully achieved Long-Term Credit Rating AA- along with a Stable Outlook and Short-Term Credit Rating A1+ in the investment grade.
In the category of “long-term credit rating”, Paya’s Glossary of Definitions states ASPC’s capacity to fulfill the financial obligations is at a very high level. Also, the rating outlook indicates the potential direction of rating in the medium term. A stable outlook means that credit ratings are unlikely to change in the foreseeable future. Accordingly, all quantitative analyses have been performed based on the audited financial statements and accompanying notes for the financial years ending March 2018, 2019, and 2020 and other relevant information provided by Arya Sasol Polymer Company. A review of other ranking reports published by Paya Co. shows that no company has to date achieved this credit rating. Previously, the highest credit rating was A+, which was given to Social Security Investment Company (Shasta), National Iranian Copper Industries Co., Esfahan’s Mobarakeh Steel Co., and Mehr Ayandegan Financial Development Group. Later, rank A was credited to Pars Paper Industrial Group, and rank A- was given to the Persian Gulf Petrochemical Industries Co., Saba Tamin Investment Co., Isfahan Cement Co., and Charisma Asset Management Co.
