OREANDA-NEWS. National Rating Agency has affirmed its national scale ‘AA+’ credit rating on Tander JSC. The outlook assigned to the rating is Positive. The company was assigned NRA's 'AA+' credit rating on Sep. 4, 2013. the rating was affirmed at this level on Nov. 26, 2014.

The affirmation reflects Tander’s leading position in its home market, strong growth dynamics, evidenced by the increasing business volumes and still high capitalization level, combined with moderate debt. The Positive outlook reflects the company's long track record of strong operating and financial performance and NRA's expectations of company's continued growth as a result of further business expansion.

The rating is constrained by the company’s aggressive growth strategy that envisages large capital expenditures, which may affect the cash flow stability and rise the company's debt level.

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.