DataPro, a technology-driven Credit Rating Agency, has in its latest report assigned Zylus Homes and Property Limited a long-term rating of “BBB” with a positive outlook for the year 2023/2024. According to a statement by the rating agency, considerations for the rating assigned include the company’s financial performance, profitability, capital structure, asset quality, liquidity, corporate governance & risk management as well as its risk factors. It’s liquidity profile also improved from 202% (Yr.21) to 204% (Yr. 22),” the statement read in part. It said the positive rating assigned reflected DataPro’s opinion of Zylus’s good revenue, profitability and liquidity profile. The short-term rating of “A2” indicates Fair Credit Quality and adequate capacity for timely payment of financial commitments.”

Source: Punch July 06, 2023 16:04 UTC