Siba High-tech Mechanical Group Joint Stock Company
About the Issuer
Rating Results
Credit Opinion
View Credit Rating ReportSIBA Group’s A- issuer rating and bond rating could be upgraded if the company demonstrates a track record of materially higher profitability from mechanical engineering and the new businesses, driving stronger leverage and coverage metrics. Factors that could lead to an upgrade include, for example, EBITDA margin sustained above 26% and EBIT/Interest expense above 4.9x, or CFO/Debt above 40%.
SIBA Group’s A- issuer rating and bond rating could be downgraded if the company shows (1) significantly weaker-than-expected profitability and/or (2) aggressive debt-funded expansion into new ventures, materially weakening its credit metrics. Factors that could lead to a downgrade include, for example, EBITDA margin below 15%, Debt/EBITDA above 5.7x, or CFO/debt below 7%.
Issuer analysis reports
Rating Results
Second Party Opinion
List of Second Party Opinions (SPO) published by VIS Rating for Unlisted.
VIS Rating has not issued a Second Party Opinion for this company
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