Expert RA Upgrades Perm Business Development Centre Rating
OREANDA-NEWS. 'Expert RA' upgraded 'Perm Business Development Centre' (micro-finance organization) reliability rating to В++.mfi, which means acceptable reliability. The positive rating outlook is maintained. The Company used to have B+.mfi rating, with the positive outlook.
The high autonomy ratio and high liquidity ratios have a positive impact on the Company rating. Business concentration in the region with the high investment appeal and good information transparency are also positive for the Centre rating.
The impossibility to reliably estimate the loan portfolio quality due to its active growth, the continued write-offs of troubled assets that accumulated in 2010/2011, and potential reduction in the autonomy ratio - the Company is going to raise loans from lending institutions to finance growth in the portfolio of loans that mature in more than one year - have a negative impact on the rating. The negative financial result - loss of RUB 43 million in 9 months 2013 - restrains the rating, too. The Agency's analysts also highlight the need to improve individual business processes of the Company.
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