Moody’s lowers Aton Capital view to stable

Moody's Investors Service said it changed the outlook to stable from negative on the B2 local- and foreign-currency long-term issuer ratings of Aton Capital Group.

The agency also said the long-term issuer ratings and not-prime local- and foreign-currency short-term issuer ratings also were affirmed.

The ratings reflect a view that the company's business model has proven to be relatively resilient to pressures stemming from the challenging operating environment in Russia since 2014, Moody’s said.

The stable outlook was prompted by the company’s resilient profitability in 2014 through 2015, despite a challenging operating environment and external shocks, the agency said.

© 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.