OREANDA-NEWS. National Rating Agency has affirmed its credit rating on Territorial Agency for Housing Mortgage Lending (Kraevoe Agentstvo Po Zhilishchnomu Ipotechnomu Kreditorvaniyu) open joint-stock company (TAHLM). The company was assigned NRA's 'A-' credit rating on Dec.2, 2011. The rating was re-affirmed each consecutive year.

The rating affirmation reflects TAHLM's important social role in its home region and the strong support it receives from the regional government. The company's financial strength is underpinned by its strong capitalization metrics, good liquidity position and healthy equity-to-total-assets ratio.

The amount of loans issued by TAHML decreased substantially in 1H2015 due to the weakened macroeconomic fundamentals. In addition, NRA notes some uncertainty in the company's business strategy associated with the challenging situation in the industry, including the risks related to the reorganization of the Agency for Housing Mortgage Lending (AHML).