AECI Limited

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AECI Limited Rated
  • AECI Limited
  • Year : Jun 2020
3 Tokens
USD 300.00
Summary

The ratings reflect AECI Limited’s fiscal discipline, demonstrably robust liquidity, as well as the strong global positioning of its Mining Solutions offering in particular. We note AECI’s sustained leading position in production and supply of mining explosives and chemicals in Africa, as well as the group’s burgeoning product market share internationally. The mining explosives business (AEL), is one of the five largest global suppliers of commercial explosives, with the group continuing to leverage internal expertise to further entrench and diversify its offering in Latin America, West Africa, and Australasia

Additional Information

AECI continues to evidence a conservative funding profile, which is expected to be sustained, with further acquisitions and expansionary capex likely to be funded from cash reserves. Net debt to EBITDA registered at 1.2x, with interest coverage at 7.1x, while operating cash flow coverage of debt remained in the intermediate range, at 31%.The Stable Outlook reflects GCR’s view that through-the-cycle earnings and cash generation will remain resilient despite the recessionary climate

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A Credit Rating report is a research report providing detailed analysis utilised by GCR in the accordance of a Credit Rating.

Three months in, the challenges are increasing but indications suggest that larger corporates may weather the storm.

  • GCR expects performance across almost all corporate sectors to remain weak for the remainder of 2020 due to a collapse of consumer confidence....

Three months in, the challenges are increasing but indications suggest that larger corporates may weather the storm.

  • GCR expects performance across almost all corporate sectors to remain weak for the remainder of 2020 due to a collapse of consumer confidence....
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