Expert RA Confirms Fintorg Credit Rating
OREANDA-NEWS. 'Expert RA' rating agency confirmed 'Fintorg' Financial Services Centre creditworthiness rating B++, which means acceptable credit solvency. The rating outlook changed for positive. The positive outlook means high probability of upgrading the rating in the mid-term. The Company used to have the stable outlook.
The high loan portfolio turnover rate, high profitability and absence of the currency risk had a positive impact on the Company rating
High concentration of the Company's business in one segment - the portfolio is largely represented by tender loans - restrains the rating.
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