OREANDA-NEWS. National Rating Agency has affirmed its national scale ‘AA’ credit rating on Renova Group СJSC.

The rating affirmation reflects Renova Group’s ownership of good-quality assets, generating stable cash flows, adequate financial strength and liquidity position, favourable operating performance trends and consistently solid profitability metrics, as well as its strong and supportive shareholders.

The rating is constrained by Renova Group’s moderately high debt. At the same time, NRA notes the long-term debt maturity profile and a comfortable interest coverage ratio