Expert RA Assigns Soyuz-Seti ISK Creditworthiness Rating
OREANDA-NEWS. 'Expert RA' rating agency assigned 'Soyuz-Seti' ISK creditworthiness (long-term creditworthiness) rating A, the third sub-level. The outlook is developing, which means equal probability of maintaining and downgrading the rating in the mid-term.
When the Company was rated, the Agency's analysts highlighted its high diversification of debt liabilities, high quality of receivables and payables as of September 30, 2013, and broad geographic footprint as positive factors. No major supplier dependence, low currency risks and high insurance coverage were also typical of the Company.
High reliance on one counterparty, high potential debt liabilities in the form of sureties and low capital adequacy restrained the Company rating. The moderately high debt level, low profitability, and low liquidity were also highlighted among the rating-restraining factors.
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