LSR Group (LSE: LSRG; MOEX: LSRG), one of the leading real estate developers and building materials producers in Russia, announces that Moody’s Investors Service (Moody’s) confirmed the company’s B1 credit rating with a stable outlook.
Moody’s noted that the rating action reflects LSR Group’s proven track record of successfully weathering the industry cycles, while maintaining adequate operating performance and healthy financial and liquidity profiles.
This is supported by LSR Group’s leading market positions, high brand recognition, vertically integrated business model, prudent financial policy, and strong land bank positions in St. Petersburg, Moscow and Yekaterinburg. The rating also factors in execution risks and significant investment requirements related to the company’s aggressive development strategy.
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LSR Group Press Service