Eltra IC Assigned Reliability Rating
OREANDA-NEWS. National Rating Agency has assigned its 'A-' reliability rating to Eltra IC CJSC.
The 'A-' reliability rating reflects Eltra IC's long track record of market operations, strong market position in its home region, experienced and highly skilled personnel, persistent revenue generation and its stable counterparties and strategic partners. Based in Northwestern Russia, Eltra IC is a private-sector company with a leading position in the local derivatives market. Our review of its financials suggests that the company is well capitalized and has an adequate liquidity position.
The rating is constrained by Eltra IC's modest profitability metrics and revenue concentration in the key business line.