OREANDA-NEWS. June 14, 2012. Expert RA rating agency confirmed B++ creditworthiness rating (acceptable) to Energomashbank. Rating forecast changed from "stable" to "positive".

Energomash rating is supported by highly secured loans, short and mid-term asset/liability balance, highly profitable business. The rating is supported by moderately low concentration of asset operations on large credit risk objects and by highly diversified LE credit portfolio. Another plus: low concentration of attracted funds on large creditors.

Key limiting factors: low capital adequacy, non-optimal structure of own funds, moderately high dependence of resource base on 30 days-attracted-assets. Another feature: moderately high share of IY and Y quality loans in gross loan portfolio, high level of outstanding debts in PP credit portfolio, insufficiently conservative provision policy.

Expert RA Rating Agency is the first independent rating agency in Russia founded in 1997 by Expert  magazine. It is presently the largest Russian rating agency. The Agency strategic goal is to provide all-round information and analysis assistance to companies, operating on the Russian market. The Agency business is based on unique system of rating products. Expert RA family of ratings presents classic credit ratings of companies in all economic branches, regions and municipalities, as well as ratings related to different aspects of social responsibility of companies: corporate governance rating, companies' ecological liability rating. Currently Expert RA ratings have been assigned to over 350 companies (including companies from Eastern Europe, CIS and the Baltic countries) and regions (60 received the Agency credit rating).