RAEX Assigns Vneshprominvestitsii Credit Rating
OREANDA-NEWS. Expert RA Rating Agency (RAEX) assigned Vneshprominvestitsii credit (long-term creditworthiness) rating A, which means "High level of creditworthiness", the second sub-level. The rating outlook is "stable", which means the likelihood of mid-term rating stability is high.
Positive influence on the rating was exerted by medium high liquidity ratios, low currency risks, low share of accounts payable in the total liabilities as well as high level of business activity based on results of 2013.
Among rating-restraining factors medium high debt burden and high share of accounts receivable in the total assets resulted from exchange repo transactions as well as low diversification of debt portfolio structure were mentioned. Expert RA is Russian rating agency working on a global scale, 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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