OREANDA-NEWS. Element Leasing, a member of one of Russia's largest diversified industrial group Basic Element, announces about affirmed the financial sustainability rating agency Expert RA.

The rating agency Expert RA has confirmed the financial strength rating of Element Leasing at A + “a very high level of financial stability”, the rating outlook is “stable.” Element Leasing, one of the leaders in the segment sales of commercial vehicles, buses and printing equipment, provides financial rent (leasing) throughout the Russian Federation.

The company is universal, in its portfolio more than 20 types of equipment, which are dominated by commercial vehicles, printing machinery and construction machinery. At the end of 2012, Element Leasing has entered into leasing transactions in the amount of 8.5 billion rubles. The leasing portfolio at 01.01.2013 amounted to 8.9 billion rubles. (28th place), the amount of lease payments - 5.6 billion rubles.

High profitability and low concentration of passive base for creditors support high rating stability of the company. At the end of 2012 the return on equity Element Leasing was 21.42%, while only 47.6% of liabilities accounted for five of the largest creditors. The positive factors were also made by a high proportion of equity in the structure of sources of financing activities (18.4% of liabilities at 01.01.2013) and low concentrations of credit risk on major lessees.

“The high level of cover leases advances, guarantees and also has a positive impact on the rating,” - said the head of credit rating department of Expert RA Stanislav Volkov.