RB Investments S.A.'s Credit Rating Lowered and Withdrawn
OREANDA-NEWS. National Rating Agency has lowered its credit rating on RB Investments S.A. (former Da Vinci Russian Banking Co. S.A.) to 'A'. At the same time, the rating has been withdrawn due to the company's decision to stop maintaining its public rating.
The rating downgrade reflects the company's weakened financial strength and liquidity metrics as of the latest reporting date, as well as changes in its ultimate ownership structure.
In NRA's opinion, one of the key risk faced by the company is the negative financial result for 2014, which pressures its overall financial strength.
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