OREANDA-NEWS. National Rating Agency has affirmed its credit rating on Samara Oblast’s Housing And Mortgage Fund (SOHMF) at ‘A+’.

The rating affirmation is based on the company’s stable market position and consistently delivered growth strategy. SOHMF’s financial strength is supported by its solid capitalization, high equity to total assets ratio and good balance sheet liquidity. The amount of issued loans is growing, and the portfolio of serviced mortgages remains stable. SOHMF’s statutory mandate is to provide sites for economy-class residential developments and carry out relevant construction projects.

The current economic situation raises the possibility that the company’s total overdue debt will grow.