Expert RA Confirmed Yakutuglestroy Creditworthiness Rating
OREANDA-NEWS. ‘Expert RA’ rating agency confirmed ‘Yakutuglestroy’ (OJSC) creditworthiness rating A, which means high credit solvency. The outlook is stable.
The low debt level and high capital adequacy of the Company had a positive impact on ‘Yakutuglestroy’ rating.
High equipment depreciation and a significant reduction in 2012 revenues were highlighted among the rating-restraining factors.
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).