OREANDA-NEWS. National Rating Agency has affirmed its national scale 'A+' credit rating on Ferroalloy Invest LLC (FI). The outlook for the rating is 'stable'. NRA's first-time individual credit rating (falling into the "Holding and Financial Companies" of 'A+' was assigned to FI on Dec. 14, 2012 and re-affirmed each consecutive year (the latest affirmation dates back to Dec. 10, 2014).

The rating is supported by FI's consistently strong financial profile, underpinned by the company's sizable equity and the equity's considerable contribution to the total funding mix, PIL's stable and long-term liability base, strong liquidity position and earnings generation capacity. NRA notes FI's low-risk and transparent investment portfolio and the high probability of extraordinary support from its beneficial owners.

The rating is constrained by the company assets' insufficient diversification by sector and its revenue base high reliance on securities trading operations, which may affect the stability of FI's cash flows.