10.08.2023
Expert RA, one of the leading Russian rating agencies, has raised VIS Group’s credit rating to the ruA+ level. The rating forecast is stable. The official press release is posted on the agency's website. The holding’s bond rating was also raised to the ruA+ level.
The change in the credit rating of Expert RA analysts is associated with VIS Group’s positive financial results in 2022, expectations regarding business growth due to the start of new projects and a change in the calculated weight of the financial profile.
“The agency positively assesses the experience accumulated by VIS Group in the sphere of infrastructure construction, as well as the diversification of projects both from the segment viewpoint - in addition to transport, the holding implements projects in the fields of education, culture, medicine and ecology, and from the point of view of geography,” informs the published message.
Agency experts also noted VIS Group’s high level of organization of corporate management, development of strategy and sufficient level of regulation of risk management.
“The increase in the rating is a reflection of our desire for optimal capital management and effective use of resources in accordance with the development strategy adopted by the Group,” shared Deputy CEO for Economics and Finance Dmitry Suvorov. “We will make every effort to ensure sustainable growth while maintaining financial discipline and minimizing risks in the implementation of Russia's largest infrastructure projects.”
Passing the rating procedure and regular confirmation of credit ratings from several agencies is a common practice for large Russian companies, which allows to objectively assess the level of their reliability and creditworthiness. On July 19, 2023, the second ACRA rating agency also confirmed VIS Group’s previously effective rating at the ruA level and raised the forecast to stable.
Expert RA raises VIS Group’s credit rating to ruA+ level
The change in the credit rating of Expert RA analysts is associated with VIS Group’s positive financial results in 2022, expectations regarding business growth due to the start of new projects and a change in the calculated weight of the financial profile.
“The agency positively assesses the experience accumulated by VIS Group in the sphere of infrastructure construction, as well as the diversification of projects both from the segment viewpoint - in addition to transport, the holding implements projects in the fields of education, culture, medicine and ecology, and from the point of view of geography,” informs the published message.
Agency experts also noted VIS Group’s high level of organization of corporate management, development of strategy and sufficient level of regulation of risk management.
“The increase in the rating is a reflection of our desire for optimal capital management and effective use of resources in accordance with the development strategy adopted by the Group,” shared Deputy CEO for Economics and Finance Dmitry Suvorov. “We will make every effort to ensure sustainable growth while maintaining financial discipline and minimizing risks in the implementation of Russia's largest infrastructure projects.”
Passing the rating procedure and regular confirmation of credit ratings from several agencies is a common practice for large Russian companies, which allows to objectively assess the level of their reliability and creditworthiness. On July 19, 2023, the second ACRA rating agency also confirmed VIS Group’s previously effective rating at the ruA level and raised the forecast to stable.