OREANDA-NEWS. National Rating Agency has affirmed its national scale 'A' credit rating on InformInvestGroup CJSC IIG).

The rating is supported by IIG’s stable financial profile, favourable sales trends, low debt burden, high equity adequacy ratio and consistently strong liquidity position. We note the company’s transparency, stable ownership structure, sophisticated management and robust competitive position in the high-tech sector allowing it to persevere despite volatile macroeconomic conditions.

The rating is constrained by IIG’s off-balance-sheet liabilities under the Group’s projects and low profitability, which it demonstrates every year. Additionally, the company may be exposed to macroeconomic and political risks, as its end-customers include some entities related to the government of the Russian Federation. But in a more distant future, these risks, which have not materialized yet, may play a useful role in terms of production localization.