Expert RA Confirms RESO-Leasing Creditworthiness Rating
OREANDA-NEWS. "Expert RA" rating agency confirmed "RESO-Leasing" creditworthiness rating А+, which means very high credit solvency, the second sublevel. The stable rating outlook was maintained.
"Expert RA" analysts note the high share of equity in the business financing sources, the high leasing portfolio diversification by customers, and the low past-due debt as the main factors having a positive impact on the Company rating. A broad branch network, low liabilities base concentration by customers, availability of audited IFRS statements and acceptable information transparency also had a positive impact on "RESO-Leasing" rating.
The insufficiently high leasing portfolio diversification by equipment types and the low cash ratios were the key rating-restraining factors. High insurance coverage concentration on the affiliated insurance company restrained the rating.
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