OREANDA-NEWS. National Rating Agency has withdrawn its credit rating on Hippo R&D Invest Ltd due to the company's decision to stop participating in the rating process. Hippo R&D Invest Ltd is assigned an exit rating of 'A-'. The outlook for the rating is positive. The company was assigned NRA's first-time credit rating of 'A+' on Nov. 6, 2013. The rating was affirmed with a positive outlook on Nov. 21, 2014.

Hippo R&D Invest Ltd is an asset managing company of Grand Toys Group, founded in 1998.The Group's key business area is wholesale and retail trade in games and toys, children's goods and sports goods. The Group's nationwide distribution network is represented by Begemot cash & carry hypermarkets, located in Russia's regional centers and large cities, and Begemotik retail franchise stores operating in smaller towns and city communities. Generally, the hypermarkets occupy rented quarters.

The Group has a nationwide and geographically diversified 's customer base.