Omnia Holdings Limited

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Omnia Holdings Limited
  • Omnia Holdings Limited
  • Year : Oct 2020
3 Tokens
USD 300.00
Summary

GCR has released the September 2020 Omnia Holdings Limited (“Omnia”) report, which outlines the factors underpinning the issuer’s recent upgrade, and conditions that could result in migration in the credit risk profile over the outlook period. In GCR’s view, the marked improvement in Omnia’s financial flexibility is underpinned by demonstrated shareholder support, well-entrenched relationships with funding counterparties, the fundamental de-risking of the working capital cycle, and rationalisation of underlying operations.

Additional Information

JSE-listed Omnia Holdings Limited (“Omnia”, or “the group”) is a leading producer of fertilisers on the continent, with a burgeoning explosives volume base, and niche chemicals product mix supporting moderate geographic diversification of its earnings footprint. Its credit risk profile also informs the ratings assigned to Omnia Group Investments Limited, an intermediate holding company structure within the consolidated Omnia group.

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