OREANDA-NEWS. National Rating Agency has lowered its national scale credit rating on Yasenevo United Trading House OJSC to ‘A’ and placed it on its Watchlist with indefinite implications. The company’s first-time credit rating of ‘A+’ (falling into the “Holding and Financial Companies” section of NRA’s rating list) was assigned on Oct. 20, 2015.

The company's credit rating will be under review from the time of its Watchlist placement. In fact, the rating has not been suspended, but the Watchlist placement indicates a high probability of near-term rating actions on the company, including the rating affirmation, downgrade by one or several notches, suspension or withdrawal, as well as the rating outlook revision.

The Indefinite outlook is based on the changes in the company’s ownership structure and associated restructuring of its assets and liabilities. NRA views the uncertainties around Yasenevo's operational activity, financial policy and corporate governance as a risk that warrants the Watchlist placement.

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.