OREANDA-NEWS. National Rating Agency has withdrawn its credit rating on North West Leasing Company LLC (NWLC). On withdrawal, the company is assigned a rating of ‘В+’.

In August 2012, NWLC was assigned NRA’s credit rating of ‘BBB-’, reaffirmed in August 2013 and then raised to ‘BBB+’ in September 2014. The rating upgrade in 2014 reflected the company’s significantly improved financial performance indicators.

Founded in 2000, NWLC has implemented a number of large leasing projects in different production industries since then. From 2008, the company has been involved, jointly with Otkritie Financial Corporation Bank PJSC (formerly NOMOS-BANK OJSC) and Eurasian Development Bank, in a long-term investment project to build a wood-processing complex for LPK Partner-Tomsk CJSC (Tomsk), as regards supply of the main technological equipment, harvesters and timber carriers, and vehicles.