Expert RA Confirmed RUSAL UC Creditworthiness Rating
OREANDA-NEWS. 'Expert RA' rating agency confirmed 'RUSAL' UC creditworthiness rating A+. The outlook is stable.
'RUSAL' UC is the world's biggest aluminum producer and a major alumina producer. The Company's assets comprise over 40 plants located in 13 countries.
When the Company was rated, the Agency's analysts noted the high dividend yield of the Company's financial investments into shares in Norilsk Nickel, broad pledge opportunities, the vast geographic footprint and moderately high liquidity ratios as positive factors.
Aluminum price reduction below the cost of its manufacturing, the sufficiently high debt level, loss in 2012 and 1H2013 and low business diversification by lines of business restrained the rating.
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