OREANDA-NEWS. National Rating Agency has affirmed its 'A' credit rating on KREDO-Finance LLC (OOO 'KREDO-Finance'). The 'A' credit rating had been originally assigned on October 18, 2011, and subsequently annually affirmed.

The rating is underpinned by high level of openness and mobility, good quality of corporate governance and risk management, as well as low level of overdue in the portfolio, and adequate liquidity.

The rating is still constrained by low amount of equity, the lack of large-scale projects for an independent implementation, and poor profitability. There is some uncertainty about future business strategy in view of the difficult situation in the industry, including related to the reorganization of the Agency for Housing Mortgage Lending (AHML). It is noted that the company has its own product line, which allows it to continue lending.