RAEX rating agency (Expert RA) assigned A+ long-term rating of creditworthiness to CJSC SSMO LenSpetsSMU

03.03.2016

On March 02, 2016 RAEX rating agency (Expert RA) assigned A+ long term rating of creditworthiness (very high level of creditworthiness), first level to CJSC SSMO LenSpetsSMU, outlook stable.

The analysts identified the following positive factors during the analysis of consolidated financial statements of the company: high profitability and liquidity, high capital adequacy in relation to the assets, high diversification of the accounts receivable structure, as well as absence of the liabilities denominated in foreign currency in the company’s credit portfolio.

In addition, analysts have noted the high quality of corporate governance and strategic planning, along with a high level of information transparency and the organization of risk management.

Factors that have had a moderating influence on the rating level, according to the rating agency RAEX (Expert RA) are narrow geography of the company's activities, as well as the decline in the Russian residential real estate demand.

The rating agency RAEX (Expert RA) places information about the rating method and the level of the rating assigned on the official website, the official press release agency also placed on the company's financial site.

CONTACT DETAILS:

Savchuk Ksenija

Head of Public Relations

+7 (812) 348-21-25, e-mail: Kseniya.Savchuk@etalongroup.com

Yana Yashchenko

Deputy CFO

+7 (812) 349-38-40, e-mail: Yana.Yashchenko@etalongroup.com