OREANDA-NEWS. National Rating Agency has assigned its 'A' credit rating to WARDBASE TRADING LIMITED (WTL)based on the company's support rating of 'RS3'.

This is the first time that WTL is assigned an NRA's rating. The ratings fall in the "Holding and Finance Companies" section of the NRA's rating list.

The rating is supported by the company being part of Otkritie Holding's consolidated activities.

The rating is constrained by WTL's insufficient free operating cash flow, loss-making operations and considerably fluctuating operating metrics.