Aradel Gets a Cleaner Rating

Business and Finance

COVE-8-FIN

Aradel Gets a Cleaner Rating

GCR upgraded Aradel after citing a stronger business and financial profile.

MarketForces Africa

GCR Upgrades Aradel Rating, Cites Improved Business, Financial Profile

GCR Ratings (GCR) has upgraded Aradel Holdings Plc’s national-scale long-term issuer rating to AA(NG) from AA-(NG) and affirmed the short-term

^Energy^^Finance^^CreditRatings^^Business^

Context

MarketForces Africa reports GCR lifted Aradel’s rating on improved business and financial metrics. The message is simple: lenders like balance sheets that stop embarrassing them.

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