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TRIS upgrades company rating on IVL

Aug 29. 2018
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By The Nation

TRIS Rating has upgrades the company rating on Indorama Ventures Plc (IVL).

Meanwhile, the ratings on IVL’s senior unsecured debentures to “AA-” from “A+”.

TRIS Rating also upgrades the rating on the company’s subordinated capital debentures to “A” from “A-”. 

The upgrade reflects the company’s strengthened business profile as a result of its strategic shift toward high value added (HVA) products and geographically diversified portfolio from the acquisitions during the last five years.

 

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