RAEX Assigns Lizingarant Credit Rating
OREANDA-NEWS. Expert RA Rating Agency (RAEX) assigned Lizingarant credit (long-term creditworthiness) rating B ("Satisfactory level of creditworthiness"). The rating outlook is "stable". The stable outlook means the likelihood of mid term rating stability is high.
Low shares of accounts receivable and payable in total assets and liabilities respectively, low currency risks, growth of capital and assets influenced positively the rating of the Company.
Extremely high level of debt burden, low level of capital adequacy, absence of insurance coverage, low level of financial information disclosure as well as strategic planning and risk management, low diversification of activities were highlighted among factors restraining the rating score.
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