RAEX Assigns Russian Sea Group Credit Rating
OREANDA-NEWS. Expert RA Rating Agency (RAEX) assigned Russian Sea Group credit rating A (long-term creditworthiness), which means "High level of creditworthiness", the third sub-level. The outlook is "stable", which means the likelihood of mid term rating stability is high.
High profitability ratios at year-end 2013, high insurance coverage reliability and high level of financial information disclosure exerted positive influence on the rating of Russian Sea Group.
Rating-restraining influence was exerted by high level of debt burden as of 26.08.2014, low diversification of business activities, low capital adequacy as well as low diversification of the liabilities structure. 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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