OREANDA-NEWS. National Rating Agency has placed its national scale 'A' credit rating to Maxima Plaza LLC on its Watchlist with negative implications. The company was assigned NRA's first-time national scale credit rating of 'A' on Sep. 4, 2014.

Maxima Plaza's credit rating will be under review from the time of the Watchlist placement. The Watchlist placement is not equal to a rating suspension, but only means that in the nearest future, the rating may be affirmed at the current level or downgraded/ upgraded by one or several notches or withdrawn (other possible rating actions include the rating revision). NRA will consider the rating update by Feb. 1, 2016.

The negative Watchlist placement implications reflect the company's significantly increased funding costs and rising market and economic risks that may affect the implementation and effectiveness of the project, which is now in an early stage of implementation, NRA notes the adverse operating environment in the commercial property market and the weakening liquidity of real estate projects, used to secure the company's bank loans.