The JCR-VIS Credit Rating Company Ltd (JCR-VIS) has reaffirmed the medium to long-term rating of Natover Lease and Refinance Limited (Natover) at 'BBB-' (Triple B minus) with a 'Stable' outlook. The short-term rating of the company has also been reaffirmed at 'A3' (A three).

Natover has demonstrated growth in its lease portfolio over the last year, which translated into improved profitability, while reduction in overheads has also been noted. Over the years, the company has been operating at low debt leverage, and plans to issue further preference shares for deployment into leases and loans.

Copyright Business Recorder, 2005