OREANDA-NEWS. National Rating Agency has assigned its 'A' credit rating to Lengyprotrans PJSC (LGT).

The company's rating reflects its strong capitalization and good earnings capacity combined with low debt burden. The rating also recognizes LGT's long operating track record, broad geographic scope of operations and a range of potential project opportunities. The company has a large and well-diversified project portfolio.

These strengths are offset by the decrease in LGT's revenue in 2014 compared to 2013 (due to the reduction of transportation construction and associated design activities on the back of industry underfunding amid the macroeconomic deterioration), challenging competitive environment, i.e. more intense competition from larger Russian construction firms, and LGT's strong dependence on JSC Russian Railways' directives regarding the design and survey work allocation.