OREANDA-NEWS. National Rating Agency has assigned its national scale 'A' credit rating to MonArk Concern Limited Liability Company (MonArk). It is the first time that the company is assigned NRA's individual credit rating.

The rating is supported by MonArk's many-years' operating experience and strong position in the market for construction and mounting work ( especially under government contracts) and development. Oth rating sdtrengths include the company's healthy financial profile and positive dynamics of its key performance indicators, as well as its ownership of assets with high market value, its diversified income base, good profitability metrics and strong liquidity position.

he rating is pressured by MonArk's ambitious investment programme involving large borrowings needed for the acquisition of land parcels for construction purposes (the potential increase of currently low debt may pressure MonArk's solvency and financial strength metrics). That said, NRA expects the company's debt to be reasonable, considering MonArk's comfortable debt maturity profile and the debt's long-term structure (with the last debt liability coming due in 2020). NRA takes into account the construction sector's vulnarability to macroeconomic shocks. The latter may affect the value of MonArk's property construction projects and the Group's bottom-line results.

NRA’s analytical products, including ratings and the contents of this press release, are statements of NRA’s independent opinion as of the date they are expressed and not statements of fact or recommendations to make any investment decisions or conduct any stock market transactions. NRA is not responsible for any results obtained from the use of opinions and/or information contained in this press release.

While NRA has obtained information from sources it believes to be reliable, NRA does not guarantee that this information is perfectly correct, complete and accurate, as it does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives.