OREANDA-NEWS. 'Expert RA' rating agency confirmed 'NIPI 'InzhGeo' (CJSC) creditworthiness (long-term creditworthiness) rating A, which means high credit solvency, the second sub-level. The outlook is stable.

Moderately high profitability ratios for 2012, high business activity ratios and moderately high diversification of counterparties in the revenues have a positive impact on 'NIPI 'InzhGeo' rating. Moreover, low currency risks, high insurance coverage reliability, moderately high diversification of receivables by counterparties and absence of past-due receivables and payables are also positive for the rating.

Non-disclosure of information on the Company's ultimate beneficiaries and the moderately high debt level restrained the rating. The Company had a high share of receivables in assets, and of payables, in liabilities, as well as high concentration of liabilities on one counterparty and low liquidity ratios. Moreover, low capital adequacy, the high share of one counterparty in receivables, low financial disclosures and reduction in the Company's capital from December 31, 2010, to September 30, 2013, restrained the rating.