Flame Tree debt capacity drops, says ratings firm

Former NSE chairman Eddy Njoroge (centre) looks on as his Flame Tree Group counterpart George Theobald (left) hits the gong accompanied by CEO Heril Bangera during listing in 2014. PHOTO | DIANA NGILA

Fast moving consumer goods and plastic tanks manufacturer Flame Tree Group has a reduced ability to repay its debt, according to South Africa ratings firm Global Credit Ratings (GCR).

The agency lowered Flame Tree’s long-term debt ratings from BB+ to BB-, meaning it has dropped two places in the category of companies with moderate levels of creditworthiness.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.