06.02.2016, 16:31
InvestProm's Credit Rating Withdrawn
OREANDA-NEWS. National Rating Agency has withdrawn its credit rating on InvestProm LLC due to expiry of the contract. The company has been assigned an exit rating of 'A'.
InvestProm was assigned NRA's first-time credit rating of 'A' (falling into the "Holding and Financial Companies" section of NRA's rating list) on Dec. 12, 2011.The rating was affirmed each consecutive year. The latest rating action dates Mar. 5, 2015.
InvestProm carries out investment and financial operations; which include the purchase, operation, maintenance and sale of real estate.
In November 2011, InvestProm entered into a large investment project by purchasing a part of apartments and car parking spaces in the "Gorod Stolits" luxury residential complex within the "Moscow City" International Business Center. The company sells the purchased properties in cooperation with the leading operators of Moscow's luxury property market. NRA views InvestProm's project sales rate as adequate in general, considering the Moscow's market situation and home sales trends.
The affirmation of InvestProm's exit rating at the 'A' level reflects the company's high-quality marked-to-market assets, zero external debt, comfortable debt maturity profile and its strong beneficiary owners and strategic partners with financial and non-financial capacity to assist InvestProm in carrying out its project. In NRA's opinion, these factors will allow the company in the foreseeable future to perform its obligations in conformity with contract terms.
InvestProm was assigned NRA's first-time credit rating of 'A' (falling into the "Holding and Financial Companies" section of NRA's rating list) on Dec. 12, 2011.The rating was affirmed each consecutive year. The latest rating action dates Mar. 5, 2015.
InvestProm carries out investment and financial operations; which include the purchase, operation, maintenance and sale of real estate.
In November 2011, InvestProm entered into a large investment project by purchasing a part of apartments and car parking spaces in the "Gorod Stolits" luxury residential complex within the "Moscow City" International Business Center. The company sells the purchased properties in cooperation with the leading operators of Moscow's luxury property market. NRA views InvestProm's project sales rate as adequate in general, considering the Moscow's market situation and home sales trends.
The affirmation of InvestProm's exit rating at the 'A' level reflects the company's high-quality marked-to-market assets, zero external debt, comfortable debt maturity profile and its strong beneficiary owners and strategic partners with financial and non-financial capacity to assist InvestProm in carrying out its project. In NRA's opinion, these factors will allow the company in the foreseeable future to perform its obligations in conformity with contract terms.
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