OREANDA-NEWS. July 11, 2012. According to the agency, the rating is based on a high level of support from the Company’s owner, a significant market value as a commercial real estate company, affiliation with a major Russian retailing chain which generates significant cash flows along with profitable operations.

Constraining factors include high leverage, substantial currency risk, loss-making activities and an opaque ownership structure.

ZAO Hypercentre is a private-sector Russian company engaged in the purchase, construction and leasing of shopping centres and informally included in a group with one of the major Russian retailing chains.