The rating reflects Akak's weak financial risk profile, marked by a small net worth, high gearing, weak debt protection metrics, constrained liquidity, commodity-like market risks and unstable steel prices.
CRISIL believes that Akak will continue to benefit from its promoters' extensive experience in the steel trading industry over the medium term as seen in the "stable" rating outlook.
1212 343 AKAK
.IWI (to set up on the edge--Haw), BABA.YLY (Azerbaijan), COCO.AIA (nz), DIDI.ERE (camp--Burkina Faso), ERER.AMA (hill--Sudan), FUFU.ANA (stream- Solomon Is.), GAGA.NAN (Nigeria), HIHI.AKA (Solomon Is.), ILIL.APA (East Timor), JIJI.ABA (China), KOKO.NIN (Czechoslovakia), LULU.ARA (stream--Argentina), MIMI.AKA (Chad), NONO.SES (monosaccharides having nine carbon atoms in the molecule), OPOP.AEA (nz), PAPA.UMU (New Zealand evergreen shrub), RERE.EVE (w2), SASA.ETE (stream--Solomon Is.), TOTO.ABA (w3), UDUD.AHA (Sri Lanka), VIVI.ANA (dfpf), WUWU.OSO (Ghana), XIXI.NAN (China), YOYO.NON (camp--Ghana)