Fitch rates Lider Faktoring notes BBB+(tur)

Fitch Ratings said it affirmed Lider Faktoring Hizmetleri AS's national long-term rating at BBB+(tur) and assigned expected BBB+(tur) ratings to its senior unsecured floating-rate notes.

The outlook is stable.

The ratings reflects Lider's small size within the Turkish financial system, as well as strong profitability, access to long-term funding, sound capitalization and good corporate governance standards, Fitch said.

The company's asset quality markedly improved in 2009 and remained better than the Turkish factoring segment average, the agency added.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.