Zarechie LLC's Credit Rating Withdrawn
The rating affirmation reflects the company's affiliation with one of Russia's largest investment groups, its ownership of assets with high market value, exceeding their book value, and improving operating performance. The long-term tenure of its rental agreements and the strong credit quality of its business-center tenants ensure a long-term stability of Zarechie's cash flows.
The rating is constrained by Zarechie's negative financial result, weighing on the equity size and growth rate. In addition, NRA notes the weakening macroeconomic fundamentals, affecting the commercial property market, as well as the market trends that may bring down the company's property value or rental flows, weaken its long-term growth prospects and restrict its access to the capital markets.
Комментарии