OREANDA-NEWS. National Rating Agency has assigned its national scale 'A' credit rating to InfoMediaCenter LLC (IMC), taking into account the support rating of ‘RS2’, reflecting the probability of support that the company can get from InfoMediaCenter CJSC. We assess IMC’s stand-alone credit profile at ‘BBB+’. IMC’s rating falls into the “Holding and Financial Companies” section of NRA’s rating list.

The rating reflects IMC’s ownership of fairly attractive commercial properties, whose market value is much greater that the company’s external liabilities. Additionally, with a steady cash flow from a number of tenants, the company can post net profit as early as this year. We also note that the financially strong InformInvestGroup  provides financial and other support to the company needed to develop its rental business.

Key rating constraints include the company’s modest operating performance associated with a delayed leasing of office space facilities due to the finishing work protraction. Currently, IMC has a high debt leverage, but can obtain funding from parent companies and therefore maintain a fairly strong solvency in the medium term.