OREANDA-NEWS. National Rating Agency has affirmed its ‘A’ national scale credit rating on Krasnoyarsk Electric Railway Carriage Repair Plant OJSC (OAO ‘KrEVRZ’). The ‘BBB+’ credit rating had been originally assigned on July 3, 2013, and subsequently raised to ‘A’ on July 16, 2014.

The rating is underpinned by the company's long history of activity, stable market position, positive financial result during the whole analyzed period, and presence of long-term contracts. The company currently has a minimum debt load, as well as low credit risks due to operating mostly with large and reliable customers. Profitability and solvency are estimated by the Agency as being high.

The rating is constrained by the downward dynamics of operating and financial indicators in 2015, as well as plans to get a large amount of debt financing, which may lead to a significant deterioration in financial stability and solvency ratios. The company's revenues are still very dependent on the largest customer – Russian Railways Group OJSC (OAO ‘RZD’).

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