Expert RA Confirms Pochtovoye Credit Rating
OREANDA-NEWS. 'Expert RA' rating agency confirmed 'Pochtovoye' credit 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.
High profitability, high diversification of revenues and costs by counterparties had a positive impact on the Company rating. The low share of payables in liabilities also supported the rating. In addition, the moderately high business activity and high insurance coverage were positive for the rating.
Low business diversification, the high debt level, and low liabilities diversification were highlighted among the rating-restraining factors. In addition, low liquidity ratios restrained the rating. The Agency's analysts also noted the moderately high level of pledged assets and low capital adequacy.
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