Credit Rating of Ashid Capital NBFI LLC

MIRA has confirmed Ashid Capital NBFI LLC’s credit rating

MIRA has affirmed Ashid Capital NBFI LLC ratings at ‘BBB+’; the Rating Outlook is Evolving.

• Issuer Rating: BBB+ (Investment Grade)
• Simple I Bond Rating: BBB+ (Investment Grade)
• Simple II Bond Rating: BBB+ (Investment Grade)
• Simple III Bond Rating: BBB+ (Investment Grade)
• Outlook – Evolving

 RATING SENSITIVITIES

Positive factors:

• Increase in the business growth without compromising asset quality
• Acquiring additional fundings for sustainable operation
• Continiously improving the scoring model currtenlty in place
• Improvement in the liquidity position 

Negative factors:

• Failing to meet corporate expansion projectons
• Reduced liquidity amidst funding constraints
• The leverage ratio exceeding 3.0
• Increase in the non-performing loan ratio 

The rationale behind the Credit Rating and Outlook is available at Simple rationale EN | Mongolian Investment Rating Agency (mira.mn)

Principle Methodology & Rating Scales: The principal methodology used in these ratings was the NBFI Methodology published on the website. The Rating Scale and Definition is also available at Methodology | Mongolian Investment Rating Agency LLC (mira.mn)