ARE Holdings (TYO:5857) received a new A- issuer rating with a stable outlook from Rating Investment Information on Jan. 22, according to its filing on the same day.

The company said the rating reflects its strong collection base in the precious metals recycling business and its expansion in the North American refining business, as well as its risk management concerning borrowings backed by convertible physical precious metals.

The company's aim with the rating is to enhance management transparency, boost external credibility, and improve fund-raising stability.

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