OREANDA-NEWS.  National Rating Agency has withdrawn its credit rating on ‘13 MASHKOVA’ BC Limited Liability Co. due to expiry of the contract and the company’s decision to stop participating in the rating process. The company has been assigned an exit rating of ‘A’ on the national scale with a stable outlook based on the ‘RS3’ support rating, which reflects 13 MASHKOVA’s ability to get support from a large investment group. On Feb. 5, 2013, the company was assigned a credit rating of ‘A’, which was reaffirmed each consecutive year.

The rating affirmation reflects the company’s ownership of a high-quality asset enabling the fulfillment of its financial obligations and supportive partners that have the capacity and capability to provide necessary funding.

The rating remains constrained by the company’s high asset concentration, and significant debt burden, as well as the adverse market conditions, which may affect the value of the company’s assets, the purchase requirement and the speed of the apartment sales cycle.

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