OREANDA-NEWS. Expert RA Rating Agency (RAEX) confirmed GPBI (Cyprus) credit (long-term creditworthiness) rating A (“High level of creditworthiness”) and downgraded its sub-level from the second to the third. The rating outlook is “stable”.

Positive influence on the rating score was exerted by vast opportunities to raise leveraged financing, low shares of receivables and payables in the balance structure as well as absence of overdue receivables and payables as of 30.06.2014.

Downgrading of the credit rating sub-level resulted from the fact that the Company did not furnish information on the largest object of financial investments.