RASK, the rating agency of construction industry, assigned À2 reliability rating to LSR Group, which is an excellent (very high) reliability level. According to the results, LSR Group became the company that received the highest reliability rating among all Russian construction companies.
The “A” ratings indicate the highest level of reliability and are assigned for the exceptionally effective management system, company’s capability to fulfill its obligations to customers and complete all projects under construction, as well as compliance with the transparency requirements stated in Federal Law No. 214-FZ of December 30, 2004. Potential negative influence of external factors on such companies is inconsiderable.
One of the key competitive advantages of LSR Group is the diversification of its assets between several businesses including real estate development, construction and production of building materials. The following factors also contributed to the company’s positive ranking: solid positions in the key markets and business operations transparency.
Vyacheslav Strokan, Executive Director of RASK, says: “Our Agency has confirmed LSR Group’s rating as A2, one of the highest reliability ratings, for the second year in a row. Despite the changes taking place in the construction industry LSR Group remains one of the most reliable homebuilders in Russia.”
Yuri Ilyin, Managing Director of LSR Group, notes: “LSR Group is one of the leading Russian real estate developers. The company is trusted by investors, both existing and potential, as well as clients, which is very important considering current market situation. We strive for maintaining the accepted Russian and international quality and reliability standards. Ratings like this bring more transparency to the market and allow the customers to understand the company’s industry position.”
For more information please contact:
LSR Group Press Service
+7 (812) 333-11-11