Expert RA Assigns ENGEOCOM KRK Credit Rating
OREANDA-NEWS. "Expert RA" rating agency assigned "ENGEOCOM KRK" creditworthiness (long-term creditworthiness) rating А+, which means very high credit solvency, the second sublevel. The outlook is stable, which means high probability of maintaining the rating in the mid-term.
High profitability and business activity for 2013, the low share of receivables in assets, and of payables, in liabilities, had a positive impact on "ENGEOCOM KRK" rating.
Low business diversification, the narrow business geography (Moscow), concentration of debt liabilities on one counterparty and the moderately high debt level as of December 31, 2013, restrained the rating.
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