Conversely, the rating is supported by several positive factors, primarily the quality of the company's oil and petroleum product reserves, and its moderate debt levels after restructuring. Additionally, the company has sufficient liquidity underpinned by strong free cash flows, alongside a portfolio of contracts that is heavily reliant on fees. The agency explains that the rating reflects the company's small size, with its pre-tax, pre-interest profit at around 60 million dollars. It also notes the developing nature of the company's governance structure, its reliance on short-term contracts, and its diversified client base. The rating agency 'Fitch' has assigned 'Borg Petroleum and Gas Investments' a long-term credit rating of B-(EXP) with a stable outlook.
