OREANDA-NEWS. On 17 March 2008 Mirax Group announced the end of corporate restructuring process that has resulted in the consolidation of all assets of the Group in a new holding company - Mirax Group Holding BV registered in Holland.

Limited liability Company "Mirax Group" which had been a holding company of the Group became an associated company of Mirax Group Holding BV as one of the main sub holdings.

According to Alexander Paperno, Deputy Chairman of the Executive Commitee, Mirax Group, the main aim of the restructuring  is joining international markets and raising the business’ transparence for foreign investors.

Taking into account the positive experience of using ratings, the management of the Group initiates the assignment of a rating to the new holding company Mirax Group Holding BV by such rating agencies as Moody’s,  Fitch Ratings and probably S&P.

In view of the fact that in the new structure - Limited Liability Company "Mirax Group" - won’t be  the head company and its financial results won’t demonstrate the financial situation in the whole GROUP, the management of the Group considers to keep its international ratings inexpedient.