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

The rating reflects the company’s steady position in its market niches, high financial strength and strong operating performance (demonstrated, for example, in 2014), reflecting MK-Holding’s effective approach to managing costs and capital allocation. Good operating performance and effective cost control allow the company to generate adequate operating cash flows. As a result, MK-Holding’s net debt reduced considerably in 2014 and is now assessed as moderate.

The rating is constrained by the company’s high exposure to the pricing risk, associated with fluctuations in grain, especially wheat, prices and MK-Holding’s limited bargaining power in the grain market. This risk may affect the stability of the company’s revenue, its performance metrics and cash flows.