RAEX Confirms Guarantee Fund of Chuvash Republic Rating
OREANDA-NEWS. Expert RA Rating Agency (RAEX) confirmed Guarantee Fund of Chuvash Republic guarantee coverage reliability rating A+, which means "Very high reliability of the guarantee coverage", the third sub-level. The rating outlook is "stable", which means the likelihood of rating stability is high.
Key positive factors influencing the reliability rating of the Fund are low capital multiplier, low level of unconditional (balance) liabilities and high level and quality of coverage of the loans guaranteed by the Fund.
The Agency highlights high level of disbursements, low return on equity level and high concentration of issued guarantees on major partners as the factors having negative effect on the rating.
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