OREANDA-NEWS. RusRating has assigned a credit rating to OOO Pilot Consulting (Moscow). The rating is "BBB" on the national scale and "BB" on the international scale, in both cases with a stable outlook.

The rating is based on close business ties to a major real estate development group and a high probability of re-financing.

Constraining factors include a high debt burden, a small market presence, uncertainty in the real estate market, and the limited resilience of the Company’s business model.

OOO Pilot Consulting is a limited liability Russian company that invests in residential real estate and acts as technical representative to developers, as well as a financial intermediary. Currently it has invested in 122 flats covering a total of 9900 m2 in block 2 of the Nikolski Kvartal business-class residential development in the city of Dzerzhinski (Moscow region). This consists of three independent 9-storey brick/cast-in-place residential blocks with a total floor space of 53 000 m2 plus 228 parking spaces. Two blocks – including the one partially owned by Pilot Consulting – are complete and work is under way on the third. The project developer is ZAO RegionInvest, with OOO Stroy Prestige acting as general contractor and ZAO Peresvet-Invest as sales agent.

Pilot Consulting’s sole owner is its General Director, Galina Yevgenievna Astrakhantseva.

At this time the Company has a very high debt burden. Revenues are insignificant. Liquidity is sufficient. Based on official accounts assets consist mainly of financial investments and accounts receivable linked to investments in residential property. Sensitivity to financial risks is high.