RusRating assigns credit rating to OOO Valter
The rating is based on strong anticipated returns on the Company’s project and the high market value of its assets.
Constraining factors include a high debt burden and the project’s current early stage.
OOO Valter is a limited liability company registered on 16 April 2015 specifically as an instrument for the acquisition of agricultural land in five districts of Moscow region, for future resale. The Company has close business ties to a real estate development group with extensive experience in its core line of business, including projects involving agricultural land.
Assets consist of 4750 hectares of agricultural land in Moscow region. Operations are financed by a R3207mn loan from PromsvyazBank. The Company’s debt burden is high at this time, but will decline as assets are sold. Sensitivity to financial risks is elevated.