Ratings
On 21 Jan 2016, Omega was assigned a B2 Credit rating by Moody’s commenting that “The B2 long-term issuer rating, with a stable outlook, we assign to Omega Funds Investment (Omega) is largely constrained by its business model, which is characterised by concentrated business and revenue streams. This renders the company highly exposed to the operations of a few large clients, making its income highly volatile. However, the rating is supported by (1) Omega's robust balance sheet, with zero debt, an ample capital cushion and a strong liquidity position; and (2) the company's high profitability amid low operating costs. Rating Action
On 07.10.2015 National Rating Agency raised its national scale credit rating on Omega Funds Investment Ltd. (Cyprus) to ‘A+’ and affirmed its global scale credit rating at ‘iBB-’. Commenting that “The ‘А’ national scale and ‘iBB-’ global scale credit ratings had been originally assigned to Omega on August 19, 2013, and subsequently annually affirmed. Among positive factors affecting the rating upgrade, the Agency highlights strong financial result, positive dynamics of return on equity, as well as fold increase in assets. In this fiscal year the company's customer base has expanded considerably, partly by major clients, which has a positive impact on its diversification. Due to customer base expansion and high trading activity of the majority of customers, the company's turnover annually increases, which has a positive effect on operational performance indicators and allows to rise the capital on account of growing amounts of net profit. The rating is constrained by the fact that concentration of the revenue base is still high – about 60% of the revenue comes from a few key customers. It is also worth noting that the company is exposed to market risks, and the financial result is dependent on stability of currency and stock markets, the volatility of which, as a result of the negative macroeconomic environment, may lead to a decrease in the trading activity of the company's customers and counterparties.”