Russian rating agency RAEX (Expert RA) has revised its credit rating on LSR Group following changes in the methodology and assigned a ruA rating to the Company, which corresponds to Ŕ+(II) under the earlier applied scale. Outlook – stable. Previously the Company was rated at A+ (II) with a stable outlook.
The rating level was favourably impacted by the Company’s diversified credit portfolio, low currency risks and high level of liquidity.
The agency points out the Company’s solid market positions in St. Petersburg, Moscow and Yekaterinburg and appreciates diversification of the Company’s business across the regions with the highest investment potential. Another rating driver is the Company’s production capacities in the North-Western region and its prefab factories in all three regions of operations, which allow for vertical integration and closer control over operating expenses.
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LSR Group Press Service