Octodec’s outlook dropped on debt

Octodec Investments’ outlook has been pulled down to negative from stable by GCR Ratings (GCR), on debt concerns.

The rating agency is concerned about the company’s debt levels and funding risks, which have been exacerbated by current coronavirus disease 2019 (COVID-19) crisis.

GCR has however maintained Octodec’s long and short-term national scale issuer ratings at A-(ZA) and A2(ZA) respectively due to the company’s ability to manage risk.

See full issuer details here