Railways of Yakutia Company Rating Assigned
OREANDA-NEWS. RAEX Rating Agency (Expert RA) assigned Railways of Yakutia company credit (long-term creditworthiness) rating A+, which means "Very high level of creditworthiness", the second sub-level. The rating outlook is "stable".
The rating was positively influenced by low level of foreign exchange risks, high level of capital adequacy and its moderately high dynamics, high level of cost diversification by counterparts, low weight of accounts payable and receivable in the structure of the balance sheet.
Moderately high level of planned debt burden, low level of diversification of the structure of debt obligations and limited opportunities to raise leveraged financing were named as rating-restraining factors.
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