OREANDA-NEWS. National Rating Agency has affirmed its national scale 'A' credit rating on ERADA CJSC (Erada) and has withdrawn it due to expiry of the rating contract.

The credit rating of 'A' was assigned to Erada in August 2013 and affirmed in September 2014. Erada's primary business is leasing of owned properties. The company has title to non-residential premises at 32, Studenaya Ul., Nizhny Novgorod.

Erada is part of Otkritie FC Banking Group and is consolidated in Bank Otkritie Financial Co's IFRS financial statements.