OREANDA-NEWS. National Rating Agency has raised to 'AA' its national scale credit rating on MigCredit LLC.

The rating upgrade reflects MigCredit's leading position in the microfinance industry, growing revenue, positive profitability in 2014, prudent approach to underwriting and provisioning, enhanced workout performance, reduced delinquency rate and stable customer base.

These strengths are offset by stagnation of some of the company's business characteristics, and worsening of the microfinance market conditions.