OREANDA-NEWS. 'Expert RA' rating agency confirmed 'Business Group' creditworthiness (long-term creditworthiness) rating A, which means high credit solvency, the third sub-level. The outlook is stable, which means high probability of maintaining the rating in the mid-term.

Absence of short-term debt, moderately high capital adequacy at the real asset value and high liquidity had a positive impact on the Company rating. In addition, low currency risks, the low share of the biggest supplier in costs, the low shares of receivables in assets and of payables in liabilities were typical of the Company.

Low business diversification by lines of business, the high debt level and low debt liabilities structure diversification, as well as low profitability were highlighted as the rating-restraining factors. In addition, the Agency's analysts highlighted low business activity, the non-transparent structure of ultimate beneficiaries, limited pledge opportunities and poor financial disclosures.