OREANDA-NEWS. National Rating Agency has affirmed its ‘A’ credit rating on KREDO-Finance LLC (OOO ‘KREDO-Finance’). The ‘A’ credit rating had been originally assigned on October 18, 2011, and subsequently annually affirmed.

The rating is underpinned by high level of openness and mobility, good quality of corporate governance and risk management, as well as low level of overdue in the portfolio, and adequate liquidity.

The rating is still constrained by low amount of equity, the lack of large-scale projects for an independent implementation, and poor profitability. There is some uncertainty about future business strategy in view of the difficult situation in the industry, including related to the reorganization of the Agency for Housing Mortgage Lending (AHML). It is noted that the company has its own product line, which allows it to continue lending.

NRA’s analytical products, including ratings and the contents of this press release, are statements of NRA’s independent opinion as of the date they are expressed and not statements of fact or recommendations to make any investment decisions or conduct any stock market transactions. NRA is not responsible for any results obtained from the use of opinions and/or information contained in this press release.

While NRA has obtained information from sources it believes to be reliable, NRA does not guarantee that this information is perfectly correct, complete and accurate, as it does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives.