OREANDA-NEWS. National Rating Agency has assigned its 'BB-' credit rating to Residential Housing Investment Fund OJSC (RHIF).

RHIF's current rating reflects its exposure to risks related to the current phase of its project, its weak financial performance (as reflected by key financial indicators) and lack of transparency. Additionally, the long-term nature of the project makes it difficult to predict how the company's strategy will be implemented.

NRA also note RHIF's exposure to general macroeconomic risks that may affect its financial and operating performance.