OREANDA-NEWS. RusRating has changed the outlook on OOO ISKRA’s credit rating from “negative” to “stable” in response to the cancellation of a planned bond issue and (as a result) the absence of an expected significant increase in the Company’s debt burden. The rating itself is unchanged at “B+” on the international scale and “BB+” on the national scale.

The rating is based on close business ties to a consulting group with substantial experience in closed mutual investment funds plus the high market value of the Company’s assets.

Constraining factors include assets and liabilities highly concentrated by counterparty and minimal profits.

OOO ISKRA is a private-sector Russian company that acts as a consultant and financial intermediary. It forms part of a consulting group with extensive experience in asset management, including operations with closed mutual investment funds. The Company works with financial institutions to acquire mortgage participation certificates, mutual fund shares and claims under agreements of cession.

All assets are working assets; most take the form of financial investments, particularly credit claims transferred from third parties. Capital’s share of the balance sheet is negligible and the Company has no long-term obligations. Most liabilities are accounts payable and the debt burden is virtually nil. ISKRA reports no operating revenues; income is generated by trading in financial instruments. Profitability is low. Liquidity is sufficient. Overall risk sensitivity is moderate.