RCI - Romania Snapshot

Fitch affirmed the BB- rating for Banca Transilvania's long-term debt, with stable outlook (company statement); Nuclearelectrica’s listing could be delayed by a legal suit (BURSA); Hidroelectrica’s performance over the first five months of 2013 (Ziarul Financiar)

Fitch affirmed the BB- rating for Banca Transilvania's long-term debt, with stable outlook (company statement)
The factors taken into account by Fitch were the strong deposits base, rising profitability, the low weight of FX loans and a reasonable provisioning at the end of 2012. We rate the news as neutral.
 

Nuclearelectrica’s listing could be delayed by a legal suit (BURSA)
Nuclearelectrica’s union has filed an objection at the Registry of Commerce, concerning the decision to increase the company’s share capital for the upcoming listing on the stock exchange. The action will be trialed at the Bucharest Court, and it might delay the IPO, which was intended to be launched this month. We will come back with further information when available. At the moment, as long as the news is not officially confirmed, we rate it as neutral.
 

Hidroelectrica’s performance over the first five months of 2013 (Ziarul Financiar)
Hidroelectrica, the largest energy producer in Romania, which has entered insolvency one year ago, has recorded a profit of 399 mn. RON for the first 5 months of 2013, compared to losses of 190 mn. RON in the same period of last year. Also, the company has laid-off 700 employees.

COMMENT ON THIS ARTICLE:




Load new captcha.
 

TOP GRAIN MILL PRODUCTS AND STARCHES COMPANIES (2016)
Scoring Methodology by ERNST&YOUNG


 
#
COMPANY NAME
MCR TOTAL SCORING
 
1 STAR FOODS E.M. SRL 3,0000
2 CHIPITA ROMANIA SRL 3,0000
3 CROCO SRL 3,0000
4 INTERSNACK ROMANIA SRL 2,0000
5 VEL PITAR SA 2,0000
6 SAM MILLS SRL 2,0000
7 GOODMILLS ROMANIA SA 2,0000
8 BOROMIR IND SRL 2,0000
9 SAPTE SPICE SA 2,0000
10 SOUFFLET MALT ROMANIA SA 2,0000