Arya Sasol Polymer Company

ASPC, 1st in Iran in securing the country’s highest credit rating, AA

ASPC, 1st in Iran in securing the country’s highest credit rating, AA

Arya Sasol Polymer Company, ASPC, has turned out to be the most credible company in Iran for the third consecutive year in a row.

This comes as “PAYA” Credit Rating assigned the highest long-term credit rating, AA, to ASPC, same the last year.

To assign the long-term AA credit rating along with a stable outlook as well as a short-term credit rating of A1+, “PAYA” deeply examined the ASPC’s capabilities in terms of quantitative data including audited financial statements and their derived financial ratios as well as qualitative characteristics including assessments related to the company’s activities, corporate governance status, operating environment, financing, and tracking records all along with macroeconomic, business and industry analyses.

In this category of long-term credit rating, the capacity to fulfill financial obligations has been estimated as highly significant.

All based on the “PAYA” glossary of terms, the term “Stable Outlook” means that the credit rating is unlikely to change in the foreseeable future. Such a situation indicates investment stability and a very positive outlook for stakeholders.

“PAYA” has so far validated several companies in Iran.

According to reports by “PAYA” Credit Rating, the following companies have succeeded in achieving high credit ratings in the country after this year’s AA credit rating holder, ASPC. The companies include Pars Petrochemical Company (AA-), Ghadir Investment Company (AA-), Mobarakeh Steel Company (AA-), National Iranian Copper Industry Co. (AA-), Ghadir International Industries and Mines Development Company (A+), Mehr Ayandegan Financial Development Group (A+), Bahman Group (A), Pars Paper Industrial Group (A), Persian Gulf Petrochemical Industries (A), Ghadir Investment & Industry Developing Co (A), Arian Salamat Sina Company (A-), Iran Transfo  Company (A-), Sabatamin Investment (A-), Civil Servants Pension Organization (A-).

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