Expert RA Confirms Fintorg Reliability Rating
OREANDA-NEWS. 'Expert RA' rating agency confirmed 'Fintorg' Financial Services Centre (micro-finance organization) reliability rating А.mfi, which means high reliability. The rating outlook is positive. The positive outlook means high probability of upgrading the rating in the mid-term. The Company used to have the stable outlook.
High profitability, absence of the currency risk and the high loan portfolio turnover rate had a positive impact on the Company rating. The Agency's analysts also highlighted acceptable liquidity.
High concentration of the Company's business on one segment restrains the rating. Non-availability of audited statements, the small size of the Company's assets, and the risks related to probable cancellation of the simplified taxation system for micro-finance organizations limit the rating.
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