OREANDA-NEWS. National Rating Agency has assigned its national scale ‘A+’ credit rating to Russian Platinum LLC.

The assigned rating reflects Russian Platinum Group’s strong position in the precious metal mining sector, ownership of high-quality assets, expanding resource base and growing technological capabilities, enabling a considerable improvement of the Group’s operating performance and further strengthening of its market position in the future. The rating recognizes Russian Platinum’s strong beneficiary owners, able to provide considerable financial support to the Group. We note the Group’s good corporate governance procedures, high transparency, as well as its well-defined and consistently implemented growth strategy.

The rating is constrained by Russian Platinum’s high debt burden related to large investments in a number of projects and weighing on the overall financial strength, as well as considerable exposure to the pricing and currency risks. The rating also factors in the heightening macroeconomic and geopolitical risks that may additionally affect the Group’s business in the near term.