NRA's 'A' Credit Rating on INVESTPRO LLC Affirmed
OREANDA-NEWS. National Rating Agency (NRA) has affirmed – with a stable outlook – its ‘A’ credit rating on INVESTPRO LLC, considering the company’s ‘RS3’ support rating. The company’s stand-alone credit rating has been affirmed at ‘BB+’. INVESTPRO was first assigned NRA’s credit rating of ‘A’ on Jun. 25, 2013. The latest rating action on the company (the ‘A’ credit rating affirmation with a stable outlook based on the support rating of ‘RS2’ reflecting the support from INVESTPRO’s large strategic partners) was on Jul. 2, 2015. The company’s stand-alone rating was assigned at ‘BB+’.
Founded in 2008, INVESTPRO is a specialized investment/financial services firm. The company floated three 5-year and 7-year bands totaling RUB 15 bn on the Moscow Exchange. The proceeds were used to finance long-term investments in real economy and real estate projects. The company’s bonds were included in Tier 1 listing on the Moscow Exchange. All of INVESTPRO’s bands are serviced in full and in a timely manner in accordance with the payment schedule. The company also raises short-terms bank loans (around 10 % of total borrowings at the end of 1Q 2015).
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