ASPC, 1st in Iran in securing the country’s highest credit rating, AA

Arya Sasol Polymer Company, ASPC, has turned out to be the most credible company in Iran for the second consecutive year in a row.

This comes as “PAYA” Credit Rating elevated ASPC’s last year long-term credit rating of AA- to the highest credit rating of its kind, AA.

To assign the long-term AA credit rating along with a stable outlook as well as a short-term credit rating of A1+, “PAYA” deeply examined the ASPC’s capabilities in terms of quantitative data including audited financial statements and their derived financial ratios as well as qualitative characteristics including assessments related to the company’s activities, corporate governance status, operating environment, financing, and tracking records all along with macroeconomic, business and industry analyses.

In this category of long-term credit rating, the capacity to fulfill financial obligations has been estimated as highly significant.

All based on the “PAYA” glossary of terms, the term “Stable Outlook” means that the credit rating is unlikely to change in the foreseeable future. Such a situation indicates investment stability and a very positive outlook for stakeholders.

“PAYA” has so far validated several companies in Iran.

According to reports by “PAYA” Credit Rating, the following companies have succeeded in achieving high credit ratings in the country after this year’s AA credit rating holder, ASPC. The companies include Pars Petrochemical Company (AA-), Mobarakeh Steel Company (A+), Social Security Investment Company (SSIC, also known by its Persian acronym SHASTA) (A+), Ghadir Investment Company (A+), National Iranian Copper Industry Co. (A+), Mehr Ayandegan Financial Development Group (A+), Bahman Group (A), Pars Paper Industrial Group (A), Ghadir International Industries and Mines Development Company (A), Persian Gulf Petrochemical Industries (A-), Sabatamin Investment (A-), Civil Servants Pension Organization (A-).