OREANDA-NEWS. 'Expert RA' rating agency confirmed 'UTair' and 'UTair-Finance' creditworthiness ratings А+, which means very high credit solvency. The outlook is stable.

'UTair' Airline' OJSC is one of the major Russian airlines. 'UTair-Finance' is engaged in raising finance on the bond market for 'UTair', its parent company and surety for all debt obligations. In this connection, 'UTair-Finance' rating was assigned on the basis of 'UTair' airline creditworthiness rating.

Moderately high diversification of business and debt liabilities, leading market positions, and high information transparency had a positive impact on these Companies rating. High business indicators, no outstanding receivables and payables as of June 30, 2013, high corporate governance quality (the Company has corporate governance quality rating 7 assigned by 'Expert RA') also influenced the ratings positively. The Agency's experts also highlighted the increase in the Company's assets and capital for the period from December 31, 2010, to June 20, 2013, high diversification of payables, revenues and costs.