Expert RA Assigns Otkrytie Debt Center Creditworthiness Rating
OREANDA-NEWS. 'Expert RA' rating agency assigned 'Otkrytie' Debt Center creditworthiness rating A, which means high credit solvency, the second sub-level. The outlook is stable, which means high probability of maintaining the rating in the mid-term.
High quality of the purchased asset - shares in the company included into the list of Russia's top companies, Expert 400, in 2013, and the list of systemically important enterprises - had a positive impact on the rating. The Agency's analysts estimated the long-term nature of the loan raised for entering into the transaction, upon conditions that envisage a significant grace period, positively. High insurance coverage and quality risk management tools were also typical of the Company.
Low diversification of long-term financial investments, the Company's high exposure to the market risk, the high potential debt level and high concentration of lenders in raised debt instruments restrained the rating.
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