The rating upgrade for AFNIC reflects key improvements in its standalone credit metrics including (i) the improved levels of capitalisation, with gross underwriting leverage (GUL) improving to 1.
The Baa1 IFSR also reflects support from the Government of Fujairah, benefiting from the strategic importance of AFNIC to the Emirate of Fujairah given the current ownership level.
The AFNIC must work with the Air Force Business Enterprise System to develop a path forward for implementing IPv6 compliance for all digital services and applications that will harness the benefits of IPv6 in military operations.
E-mail exchange between the author and AFNIC personnel, 21 April 2015.
have recently appointed a new General Director, Mr.
However, we still consider asset risk as the predominant credit risk for AFNIC.
According to Moody's, the rating could be upgraded if there is: i) A meaningful improvement in asset risk, for example high risk assets falling below 100 per cent of shareholders' equity (year end 2012: 151 per cent), ii) Financial leverage consistently below 15 per cent (year end 2012: 30 per cent), and/or iii) AFNIC delivers improved levels of capitalisation, for example gross underwriting leverage consistently below 1.
Conversely, negative rating pressure could arise in the event of: i) Any material further increase in asset risk occurring, ii) Financial leverage materially increasing from its current levels, and/or iii) Any perceived or actual decline in the implicit support from the Fujairah government for AFNIC.
Participating in several AFNIC Working Groups - including Legal and Marketing - to help promote the .
A survey carried out for AFNIC found that 72 percent of respondents were more favorably inclined toward companies that advertised an Internet address bearing a .
As a registry, AFNIC does not sell domain names itself.
Barriers started to come down on May 11th, and were open to all official applicants by the 14th.