OREANDA-NEWS. National Rating Agency has assigned its national scale 'A' credit rating to Podolino LLC based on its ‘RS3’ support rating, which reflects Krost REIT LLC’s propensity to support the company. Podolino’s stand-alone credit profile is assessed at ‘A-’ on the national scale.

The rating reflects the company’s stable stand-alone financial profile, low debt burden, positive asset dynamics, growing revenue and strong liquidity position. It also recognizes Podolino’s strong competitive position, affiliation with a vertically integrated construction holding company, many years’ operational experience and the fast improvement of its operating and financial performance indicators during the past few years.

The rating remains constrained by the lack of audited consolidated financials at the holding company’s level, which hinders a reliable assessment of intragroup cash flows and potential diversion of funds through related party transactions, as well as the company’s weak equity-to-total assets ratio and financial strength metrics resulting from a low equity level.