Expert RA Confirms Velesstroy Creditworthiness Rating
OREANDA-NEWS. 'Expert RA' rating agency confirmed 'Velesstroy' creditworthiness (long-term creditworthiness) rating А+, which means very high credit solvency, the third sublevel. The outlook is stable.
The moderately high profitability and business activity, low currency risks and high insurance coverage reliability had a positive impact on 'Velesstroy' rating.
The high debt level as of September 30, 2013, low debt liabilities diversification, low capital adequacy, low liquidity indicators as of September 30, 2013, as well as the high share of receivables in assets, and of payables, in liabilities, restrained the rating.
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