OREANDA-NEWS. September 23, 2015.  Standard & Poor’s Ratings Services has affirmed ‘BB-/B’ and ‘ruAA-’ long- and short-term issue credit ratings on RUSNANO (according to national scale rating). The outlook is stable.

In its press release Standard & Poor’s indicates a stable financial position of the company and underlines ‘its important role for the Russian government, which created RUSNANO to support state policy on promoting economic diversification into innovative sectors’.

‘We are satisfied with the stable financial position of RUSNANO affirmed by Standard & Poor’s rating,’ said Boris Podolsky, Executive Director of RUSNANO Management Company LLC.

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RUSNANO was founded as an open joint stock company in March 2011, through reorganization of state corporation Russian Corporation of Nanotechnologies. RUSNANO is instrumental in realizing government policies for nanoindustry growth, investing in financially effective high-technology projects that guarantee the development of new manufacturing within the Russian Federation. The company invests in nanotechnology companies directly and through investment funds. Its primary investment focus is in electronics, optoelectronics and telecommunications, healthcare and biotechnology, metallurgy and metalwork, energy, mechanical engineering and instrument making, construction and industrial materials, and chemicals and petrochemicals. The Government of the Russian Federation owns 100 percent of the shares in RUSNANO.

Work to establish nanotechnology infrastructure and carry out educational programs is fulfilled by RUSNANO’s Fund for Infrastructure and Educational Programs, which was also established during the reorganization of the Russian Corporation of Nanotechnologies.

Management of the investment assets of RUSNANO are carried out by a limited liability company established in December 2013, RUSNANO Asset Management. Anatoly Chubais is chairman of its Executive Board.