OREANDA-NEWS. 'Expert RA' rating agency confirmed 'GPB-factoring' creditworthiness (financial stability) rating A, which means high credit solvency, the first sub-level. The rating sub-level was upgraded from the second to the first. The rating outlook remained positive, which means high probability of upgrading the rating in the mid-term.

Improvement of the Company's competitive standing, with preservation of the high portfolio quality, is a factor for upgrading the rating sub-level. 'Expert RA' analysts regard high liquidity ratios and high probability of support by the main owner, 'GPB', as the key factors positive for the Company rating. The broad geographic footprint represented by 43 Gazprombank branches and low managerial costs have a positive impact on the Company's financial stability. In addition, absence of currency risks is positive for the rating.

The low share of equity in the business financing sources and low diversification of the factoring portfolio by customers and debtors influence the rating negatively. Low profitability ratios restrain the rating. In addition, the Agency's analysts note high industry concentration of the factoring portfolio.