OREANDA-NEWS. National Rating Agency has affirmed its credit rating on Orenburg Regional Mortgage Financing Agency (ORMFA) at ‘A’. ORMFA was assigned NRA’s credit rating of ‘A’ on Oct. 25, 2011. The rating was reaffirmed each consecutive year.

The rating affirmation is driven by ORMFA’s important social role in its home region and strong support from the regional government. The company’s financial strength is underpinned by adequate capitalization. NRA also notes its healthy liquidity position and equity-to-total-assets ratio. The company is one of the leading providers of mortgage refinancing in its home region. NRA notes that the delinquency rate of ORMFA loan portfolio remained unchanged last year at 2.4% of the total.

In 1H2015, the company’s lending amount considerably decreased due to the worsened macroeconomic situation. The company’s profitability also declined last year due to lower AHML’s fees. NRA notes some uncertainty regarding the company’s business strategy, associated with the difficult industry situation stemming partly from the AHML reorganization.

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