Gelex Group Joint Stock Company
About the Issuer
GEX is the holding company of Gelex Group, a large corporate group with subsidiaries and investments in four key sectors, including Electrical Equipment Manufacturing, Construction Materials, Industrial Real Estate and Utilities.
Rating Results
Credit Opinion
View Credit Rating ReportThe A issuer rating could be upgraded if GEX sustains strong revenue and earnings growth, improves operating cash flow, and reduces leverage on a sustained basis. Upgrade triggers, for example, include Debt/EBITDA remaining below 3.5x, EBIT/Interest above 3.0x, and CFO/Debt above 10% on a sustained basis.
The outlook could return to stable if GEX’s growth, profitability, or operating cash flow weakens materially, or if debt remains elevated for longer than expected due to more aggressive investments, increasing leverage and liquidity risk.
Issuer analysis reports
Rating Results
Second Party Opinion
List of Second Party Opinions (SPO) published by VIS Rating for GEX.
VIS Rating has not issued a Second Party Opinion for this company
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