OREANDA-NEWS. 'Expert RA' rating agency confirmed 'Willow River Russian Housing Developments' creditworthiness rating A, which means high credit solvency. The outlook is stable.

High liquidity as of March 31, 2013, the low share of payables in liabilities, the low share of receivables in assets, absence of past-due receivables and payables as of March 31, 2013, and high insurance protection quality had a positive impact on 'Willow River Russian Housing Developments' rating.

The Agency's analysts noted the low diversification of the Company's business and debt liabilities, increased currency risks, and the moderately high debt level as the rating-restraining factors.