RAEX Confirms STONE XXI Leasing Company Credit Rating
OREANDA-NEWS. Expert RA Rating Agency (RAEX) confirmed STONE XXI Leasing Company credit rating A, which means "High level of creditworthiness", the first rating sub-level, and changed the rating outlook from positive to stable. The stable outlook means the likelihood of mid term rating stability is high.
The rating is still under positive influence of high diversification of leasing portfolio by clients, low level of overdue debts of clients and medium low concentration of raised funds on one creditor.
At the same time, the rating is negatively influenced by high sensitivity to interest risks, low share of equity in the sources of funding and low current liquidity ratios.
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