RusRating Assigned Credit Rating to RTI Kauchuk
OREANDA-NEWS. RusRating has assigned a credit rating to OAO RTI Kauchuk (Moscow). The rating is “BBB” on the national scale and “BB” on the international scale, in both cases with a stable outlook.
According to the agency, the rating is based on the Company's affiliation with GK Green Point and a high operating margin.
Constraining factors include its relatively small size, an anticipated high debt burden, and substantial current investments in the reconstruction of a technology park.
OAO RTI Kauchuk owns the Ochakovo technology park (the Dorokhovo business centre in Moscow), where it leases out floor space. The Company is a member of the GK Green Point group, which manages thirteen technology parks and twelve business centres with a combined 550 thousand square metres of floor space, mostly in St. Petersburg. The group's beneficiary owners have not been publicly identified.
The Company's debt burden is moderate but will be high following receipt of an expected loan from B&N Bank. Its operating margin is high. The balance sheet is dominated by fixed assets (the Ochakovo facility). Risk sensitivity is moderate. Liquidity is sufficient.
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