...Standalone Credit Profile Drives Ratings: MK Kredit IFN SA's (MK Romania) Long-Term Issuer Default Rating (IDR) is driven by its intrinsic strength, reflecting its limited franchise and high exposure to a volatile agriculture sector. Continuous oversight by the MK Global Kapital group is credit-positive. MK Romania's Long-Term IDR also reflects its large unhedged FX position and a predominantly secured funding profile, balanced by adequate profitability and acceptable leverage for its business model and scale. Group Structure: MK Romania is 100% owned by Alternative, a securitisation fund established in Luxembourg and managed by MK Global Kapital S.a.r.l., which specialises in impact investing and alternative finance, with operations in more than 10 emerging countries in Europe and Central Asia. Mikro Kapital Group was founded by Italian businessman Vincenzo Trani, who transferred ownership in 2023 to Joseph of Arimathea ¡ a foundation established by him ¡ which now holds 100% of MK Global...
