OREANDA-NEWS. National Rating Agency has affirmed its 'A' credit rating on Krona Group CJSC and removed the rating from its Watchlist. The rating outlook has been revised to Negative from Indefinite.

The Rating Agency plans to consider whether it should downgrade the rating in line with the current outlook or revise the outlook after it has been provided the company's financials for the nine months ended Sep. 30, 2016. Krona Group was assigned NRA's first-time credit rating of 'A/Stable' on May 20, 2015. The latest rating action on the company (the credit rating Watchlist placement in the absence of sufficient information needed to carry out the regular rating surveillance) was on Feb. 25, 2016.

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