RAEX Assigns MPRT Credit Rating
OREANDA-NEWS. Expert RA Rating Agency (RAEX) assigned International Park of Entertainments and Tourism Company credit (long-term creditworthiness) rating A, which means high level of creditworthiness, the third sub-level. The rating outlook is "stable", which means the likelihood of mid-term rating stability is high.
The Company rating was positively influenced by medium high planned capital adequacy, possibilities to attract additional leveraged financing, medium high quality of the project strategic planning and available grace period for discharge of external liabilities.
Among the rating-restraining factors high planned debt burden, initial stage of the project implementation and absence of all necessary permits and approvals were highlighted.
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