February 28, 2023/GCR Ratings
GCR Ratings (“GCR”) has placed Ardova Plc’s long-term and short-term national scale Issuer ratings of A-(NG) and A2(NG) respectively, as well as the Series 1 Senior Unsecured Bonds on ‘Review Extension’.
The rating process is ongoing and GCR expects to publicly release the updated ratings result on or before 31 March 2023. The ratings assigned in the last review are still in effect and remain unchanged until the review process is completed.
Ratings History
Ardova Plc
| Rating class | Review | Rating scale | Rating | Outlook/Watch | Date |
| Long Term Issuer | Initial | National | A-(NG) | Stable | June 2016 |
| Short Term Issuer | Initial | National | A1-(NG) | ||
| Long Term Issue | Initial | National | A-(NG) | Stable | August 2022 |
| Long Term Issuer | Last | National | A-(NG) | Rating Watch Negative | August 2022 |
| Short Term Issuer | Last | National | A2(NG) | ||
| Long Term Issue | Last | National | A-(NG) | Rating Watch Negative | August 2022 |
