OREANDA-NEWS. RusRating has assigned a credit rating to OOO Delta-Finance (Moscow). The rating is “BBB-” on the national scale, with a stable outlook.

The rating is based on strong support from the Company's owners and seven years of successful operations in the Russian financial markets.

Constraining factors include high leverage, assets and liabilities heavily concentrated by counterparty, and low profitability.

OOO Delta-Finance is a limited liability company whose primary line of business is drawing on financial market resources to extend loans. Its sole owner is ZAO Delta-Holding, which markets cars, constructs both residential and non-residential buildings and has assets in the forestry sector. Its beneficiary owners are V.M. Khoroshavtsev - the former head of Bashneft, a one time senator for Udmurtia and currently a member of the Bashkortostan parliament - and M.Y. Pitkevich, whose father is Prime Minster of the Udmurt Republic.

Capital adequacy is low. External liabilities consist mainly of a single bond issue. The main components of assets are a loan to OOO Yuniliks and veksels (promissory notes) acquired from the same counterparty. Profitability is low. Liquidity is sufficient. Risk sensitivity is moderate.