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Article: GCR confirms at A/A1 ARM's ratings.
- Article from:
- ADP News Middle East & Africa
- Article date:
- July 29, 2009
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(ADPnews) - Jul 29, 2009 - South African Global Credit Rating Co (GCR) said in its news issue for June 2009 that it confirmed at A and at A1 the respective long- and short-term domestic currency ratings of Athi River Mining Ltd (NBO:ARM), or ARM.
ARM has achieved robust revenue growth over the review period, underpinned by its continued investment in capacity expansion projects. Accordingly, the company enjoys a considerable presence in the eastern African cement and industrial minerals markets.
Moreover, ARM has reported strong operating margins over the years, supported by its investment in energy efficient production plants and streamlined production ...