OREANDA-NEWS. National Rating Agency has assigned its national scale credit rating of ‘A’ to Krona Group CJSC.

The rating reflects the company’s leading market position and stable financial profile, evidenced by its 2014 financials. Krona Group had adequate equity and carried no debt on loans or credit facilities at the latest reporting date. Over the three years under review (2012-2014), it demonstrated positive financial results and a fairly strong liquidity position. Its assets, capital and net income were all on a growth path in 2014.

The rating is constrained by the company’s dependence on a single supplier, as well as currency and macroeconomic risks that may significantly affect the demand for Krona Group’s products. Some of these risks materialized in 2014 and have weakened the company’s profitability.