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![Scope affirms BB-/Stable issuer rating on JSC Nikora Trade](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_d4b66deebde5e2202c8792b55a5be22882ffb69365261140a594f647768cc32e.jpg)
29/8/2024 Rating announcement EN
Scope affirms BB-/Stable issuer rating on JSC Nikora Trade
The affirmation continues to reflect a moderate business and financial risk profile. Resilient operating performance and stable growth are offset by the ongoing expansion strategy, which is set to further pressure cash flow and liquidity.
![Scope upgrades issuer rating of JSC Nikora Trade to BB-/Stable from B+/Stable](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_9d154007dfda3176d04167df667cc71d09b4a0ed5b954ba61e8856a85a21ae6b.jpg)
1/9/2023 Rating announcement EN
Scope upgrades issuer rating of JSC Nikora Trade to BB-/Stable from B+/Stable
The rating upgrade is driven by the improved financial risk profile enabled by higher revenue and EBITDA growth despite the significant expansion strategy that has strained cash flow and liquidity.
![Scope affirms JSC Nikora Trade’s issuer rating at B+, Outlook Stable](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_6bcda1c2ba0dadd695b534da4ad8d8ed12563ae4d7215a9ed4be4a0fb2598b88.jpg)
15/8/2019 Rating announcement EN
Scope affirms JSC Nikora Trade’s issuer rating at B+, Outlook Stable
The issuer rating mainly reflects Scope's expectation that metrics will recover due to a change in Nikora's strategy towards more organic growth. The rating is constrained by low current liquidity and pressure on cash flows.