OREANDA-NEWS. On 8 September 2009 was announced, that Expert RA Rating Agency had awarded rating at level A for its high level of creditworthiness to UTair Finance LLC, a UTair Aviation subsidiary and issuer.

Wide diversification of UTair Aviation JSC business namely passenger air transportation and helicopter operations and the fact that a large share of the Company’s revenue was from exports had a positive impact on the high rating estimation level. So did strategic partnership of UTair Aviation with Russia’s largest companies, UTair being a bond guarantor and one of the companies on the list of backbone companies approved by the Governmental Commission on Sustained Development of the Russian Economy and UTair’s immaculate credit history.

UTair Finance LLC is a subsidiary of UTair Aviation JSC and is established to elaborate and implement projects on attracting investments for its parent company. From 2004 to 2008 3 (three) issues of bonds with total nominal value of 4 billion rubles were put in circulation and 2 billion were successfully paid off. The bonds of the 3rd issue are currently in circulation on MICEX quotation list A1 (MICEX highest listing level).