Mostotrest Receives A++ «Exceptionally High (Highest Possible)» Credit Rating
The key factors that have had a positive impact on the rating were, among others, a strong liquidity position, low leverage, high profitability and low foreign exchange risks. Analysts also highlighted the Company’s high quality of risk management, insurance protection and transparency, as well as solid business volumes and cash flow.
Expert RA Managing Director of Corporate Ratings noted that «as the largest infrastructure construction market player with a market share of over 13%, Mostotrest enjoys a strong market position and is engaged in construction of major infrastructure projects under government contracts, which the Agency considers as support factors with a positive impact on the rating».
Mostotrest is a major, diversified infrastructure construction company, with established presence in all core and related market segments, and a participant in Russia’s first public-private partnership projects. According to EMBS Group, an independent industry consultancy, in 2014 Mostotrest held a 13.4% share of the total Russian transport infrastructure construction market.
Mostotrest’s core competences include construction and reconstruction of bridges, roads and other transport infrastructure facilities; provision of road maintenance, repair and operating services. In 2012, Mostotrest also entered a new segment: management of road concessions.
The company was established in 1930 as a developer of complex and oversized bridges.
Mostotrest is currently participating in implementation of a number of complex transport infrastructure development projects, such as construction of the Section 4 (km 208 – km 258) and Section 6 (km 334 – km 543) of the M-11 «Moscow – St Petersburg» Toll Highway, construction and reconstruction of the M-4 «Don» and M-9 «Baltic» highways, construction of Businovskaya Interchange in Moscow, Bor Bridge in Nizhny Novgorod and Voroshilovsky Bridge in Rostov-on-Don.
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