RA Expert Confirmed Rating of UTair Corporative Management on Level 6
OREANDA-NEWS. On 23 January 2009 was announced, that the consortium RA Expert confirmed the rating of JSC UTair Aviation corporative management on level “6” (“Developed practice of corporative management” according to the numeric scale of the corporative management’s national rating).
As the press-release of Agency reports, rating “6” means that UTair possesses low risks of corporative management. The Air Company observes the requirements of Russian legislation in the field of corporative management, follows most of the recommendations of the international advanced practice in corporative management.
According to the results of monitoring, the company is among the leaders in the quality of corporative management in Russia. An important component of corporative management of JSC UTair Aviation is the preparation of accountability on international standards (IFRS). According to RA Expert, the corporative management system of full value strengthens the positions of JSC UTair Aviation in the market of borrowed funds.
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