The Olympia Group was awarded the AA rating after the assessment of its creditworthiness by the company ICAP A.E. Based on the performance of ICAP A.E Credit Rating, the upgrade of the Group classifies it as a low credit risk zone.

The Group’s rating to AA is based, among other things, on the many years of experience of the Management Team, on its extroversion, on the diversification of the investment portfolio into five sectors and on the continuous increase of the contribution of the energy storage sector. In addition, among the important factors that led to this rating is the ability of the Group companies to obtain financing in the midst of difficult times in order to implement their investment plans, the formation of negative net debt and negative net liabilities combined with high cash flow, but also the maintenance of a satisfactory ratio of foreign / equity and leverage during the last three years. At the same time, there was a high coverage of financial expenses by EBITDA, combined with the satisfactory price of net borrowing and liabilities.

The AA rating reflects the ability of companies to meet their obligations even in adverse economic circumstances and therefore their creditworthiness remains consistently high. Companies with AA rating are characterized by their very important financial figures, upward trend and their important position in the market.

ICAP A.E is the only company in Greece that has been registered as a Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA) and as an External Credit Rating Institution (ECAI) by the Bank of Greece. Credit Ratings are in accordance with the requirements of Regulation (EC) 1060/2009 of the European Parliament and of the Council of 16 September 2009 on Credit Ratings, as amended and in force.

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