OREANDA-NEWS. National Rating Agency has withdrawn its rating on Penza Oblast's Housing Mortgage Lending Agency (POHMLA) due to expiry of the contract for rating services. The company is assigned an exit rating of 'A'. POHMLA was assigned NRA's first-time credit rating of 'A+' on Oct. 13, 2011. The rating was re-affirmed each consecutive year.

Officially established in 2003, POHMLA acts as a regional mortgage operator accredited with the Agency for Housing Mortgage Lending OJSC (AHML). The company's shareholders are the Government of Penza Oblast (owns a 74.3% stake through its State Property Management Department), Regional Agricultural Holding OJSC (4.61%) and Regional Gas and Energy Company State Unitary Enterprise, set up by the Government of Penza Oblast (21.07%).

POHMLA's mission is to promote the development of Penza Oblast's home mortgage lending market. The company administers home mortgage schemes under government mortgage programmes, consults mortgage customers and assists them in cases of distress, acts as a mortgage servicer and engages in economy class housing construction projects.