OREANDA-NEWS. 'Expert RA' rating agency assigned 'Horus Finance' creditworthiness rating А+, which means very high credit solvency, the third rating sublevel. The outlook is stable, which means high probability of maintaining the rating in the mid-term.

High liquidity ratios of 'Horus Real Estate Fund I B.V.' as of December 31, 2013, high strategic planning quality and moderately high capital adequacy of 'Horus Real Estate Fund I B.V' had a positive impact on the rating.

The high current and potential debt level of Horus Real Estate Fund I B.V., its negative RoA ratio and moderately high competition among the existing and planned trading centers within the coverage area are highlighted by the Agency's analysts among the rating-restraining factors.