RAEX Confirms SIBEKO Credit Rating
OREANDA-NEWS. Expert RA Rating Agency (RAEX) confirmed SIBEKO credit (long-term creditworthiness) rating A+ (“Very high level of creditworthiness”), the third sub-level. The rating outlook is “stable”.
Moderately high profitability ratios at year-end 2013, moderately high liquidity ratios as well as high level of capital adequacy had a positive effect on the rating.
Moderately high level of debt burden, absence of information about ultimate beneficiaries of the company, quite low activity diversification by lines of business and high share of receivables in the structure of current assets constitute the factors restraining the rating score. Expert RA is Russian rating agency incorporated in 1997 by Expert magazine. Expert RA is a true market leader in ratings and survey-communication activity. Our purpose is to produce a new knowledge and transfer it to the society, business and authorities in an understandable way.
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