OREANDA-NEWS. National Rating Agency has placed its ‘A’ credit rating on Krona Group CJSC on its Watchlist with indefinite implications.

Krona Group’s credit rating will be under scrutiny from the time of its Watchlist placement. A Watchlist placement does not mean that the rating has been suspended, but indicates that NRA may take a rating action in the near term.

The indefinite outlook for the rating reflects the absence of sufficient financial information that NRA needs to conduct its regular credit rating monitoring procedure with the view to assessing the events and factors that may influence the level of the company’s credit risk.

NRA’s analytical products, including ratings and the contents of this press release, are statements of NRA’s independent opinion as of the date they are expressed and not statements of fact or recommendations to make any investment decisions or conduct any stock market transactions. NRA is not responsible for any results obtained from the use of opinions and/or information contained in this press release.

While NRA has obtained information from sources it believes to be reliable, NRA does not guarantee that this information is perfectly correct, complete and accurate, as it does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives.