OREANDA-NEWS. National Rating Agency has affirmed its national scale 'AA-' credit rating on Business Consulting LLC's Series 01 bonds based on the result of an analysis performed as part of its  issuer/ issue credit rating surveillance process.

No events or circumstances that might have impacted the level of the issuer's credit risk and/or required a revision of the issue rating were detected in the period under review. In NRA's opinion, the principal and interest payments are currently adequately covered and available resources are sufficient for debt servicing.

The bond proceeds are invested in a third-party loan, secured by the borrower's shares, as well as premium-quality real estate assets in the Moscow-CITY business district. The loan counterparty (borrowing) entity has NRA's individual credit rating of 'A', and the probability of its credit risk materializing is regarded as minimal. Other factors limiting the issuer's credit risk associated with the Series 01 bonds include Business Consulting's strong beneficiaries that have a high business standing and capacity to provide both financial and non-financial support to the issuer in case of need. The bond's credit quality is enhanced by nonpublic guarantees of payment from the beneficiaries, which apply to both principal and interest.

Negative rating factors include the company's concentrated assets and liabilities, making Business Consulting exposed in the course of its operations to the risk of changes in the economic and financial environment.