NRA’s Credit Rating on Lenta LLC Withdrawn
OREANDA-NEWS. National Rating Agency has withdrawn its credit rating on Lenta LLC due to expiry of the contract. The company has been assigned an exit rating of ‘AA+’. NRA assigned its first-time ‘AA-’ credit rating to Lenta LLC on Sep. 14, 2012. The latest rating action on the company (credit rating upgrade to ‘AA+’ with a stable outlook) was on Mar. 21, 2016.
Founded in St. Petersburg in 1993, Lenta LLC is a food and consumer products retailer. Lenta LLC is the principal asset holder and the only operating company of its parent group. Its retail chain is one of the largest in Russia (in 2015, the company ranked number five by consolidated revenue). At year-end 2015, the company operated 140 hypermarkets and 32 supermarkets in 69 Russian cities and towns with a total trading area of 882,383 sq. meters, a 25.8% increase year-on-year. The company’s retail chain is growing at a brisk pace, with 32 hypermarkets and 8 supermarkets opened in 2015 in addition to 31 and 14 respectively in 2014.