OREANDA-NEWS. 'Expert RA' rating agency assigned 'IRVIN 2' creditworthiness (long-term creditworthiness) rating A; the rating outlook is stable; the rating sub-level is one. The stable outlook means high probability of maintaining the rating in the mid-term.

High liquidity ratios as of June 30, 2013, the low share of payables in liabilities as of June 30, 2013, and the high business activity are highlighted as factors positive for the Company.

Low business diversification, the high share of receivables in assets as of June 30, 2013, as well as high exposure to currency risks had a negative impact on the Company rating. The high share of past-due receivables, the moderately high share of one counterparty in the cost structure and low insurance coverage reliability were highlighted among the factors restraining the 'IRVIN 2' rating. High reputational risks related to the FAS decision to recognize 'IRVIN 2' Ltd. as a party to the anti-competitive agreement under the public tender in 2008 were also noted by analysts.