DataPro® has in its latest report assigned BBB rating to Mixta Real Estate Plc with a stable outlook for the year 2020/2021, indicating the presence of slight risk, but a fair financial strength, operating performance and business profile based on the standard established by DataPro.

“This company, in our opinion, has the ability to meet its ongoing obligations, but its financial strength is vulnerable to adverse changes in economic conditions,” the statement by Abimbola Adeseyoju, Managing Director/CEO of the rating agency explained.

The rating approval,  he added, was based on an assessment of the company’s financial performance, corporate governance and risk management and risk factors of its current healthy profile in the medium to long-term period.

The rating, he continued, is supported by its experienced management team and strong brand presence, noting however, that the company is constrained by weak liquidity and high debt profile.

For this reason, he stressed that Mixta Real Estate “got a short-term rating of A2, indicating a fair credit quality and adequate capacity timely payment of financial commitments.”