Yasenevo United Trading House’s Credit Rating Lowered To ‘A’;Placed on Watchlist Indefinite
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.
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