Expert RA Upgraded Elion Credit Rating
OREANDA-NEWS. 'Expert RA' rating agency upgraded 'Elion' creditworthiness rating to A+. The rating outlook is stable, which means high probability of maintaining the rating in the mid-term. The Company used to have rating A, with the developing outlook.
High asset quality has a positive impact on 'Elion' rating. High capital adequacy by the real asset value is also typical of the Company: the adjusted capital adequacy by the real securities portfolio value is 0.78.
The Agency highlighted business loss, absence of revenues from the core line of business and of proceeds from other lines of business in the Company as the restraining factors.
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