OREANDA-NEWS. National Rating Agency has assigned its national scale credit rating of 'A' to the UK-based Dinosaur Merchant Bank Limited (DMBL), taking into account the support rating of 'RS3'.

NRA assess DMBL's stand-alone credit rating at 'BBB+' on the national scale. Given the company's basic business model, its rating is included in the "Holding and Financial Companies" section of NRA's rating list.

The rating is supported by the company's stable financial position, consistently high liquidity ratios, favourable operating performance trends, and strong support from a large financial and industrial group, capable of providing financial assistance in case of distress. DMBL's medium-term funding base is viewed as stable, and its capital adequacy as reasonably healthy.

The rating is constrained by the company's concentrated customer base and high commercial expenses stemming from DMBL's efforts to expand its network in Central Europe. Additionally, there are macroeconomic risks associated with the volatility in both stock and currency markets, high competition in the home market, as well as uncertainty regarding the demand for the company's services.