TRIS assigns ‘BBB+’ rating to Unique Engineering and Construction

Corporate June 25, 2018 17:42

By The Nation

TRIS Rating on Monday assigned a company rating of “BBB+” to Unique Engineering and Construction. 

The rating reflects the listed company’s hefty project backlog, solid profitability, and growing track record of undertaking large-scale infrastructure projects, TRIS said.

These strengths are partially offset by business concentration risks, a recent rise in financial leverage, as well as the cyclicality of and stiff competition in the engineering and construction industry, it added.

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