ACRA Assigns STLC a Debut National Credit Rating 'A+(RU)' with a “Stable” Outlook

28.06.2017

Moscow, 28 June 2017 – Today Russia’s Analytical Credit Rating Agency (ACRA) assigned STLC issuer credit rating at ‘A+(RU)’ with a “stable” outlook. This is a debut national credit rating obtained by the Company in accordance with the recently implemented legislation of the Russian Federation on rating agencies.

ACRA assessed STLC’s creditworthiness as high compared to other Russia-based issuers. According to the rating agency, the Company’s credit rating rests on a high likelihood of extraordinary support by state authorities due to growing importance of STLC in the transportation industry of Russia and potential further capital inflow from the government, among others.

“We pay great attention to interaction with both international and local rating agencies and are happy to extend the range of ratings by a national credit rating assigned by ACRA. Furthermore, STLC has become the first leasing company rated by ACRA,” comments STLC’s CEO Sergey Khramagin. “We assume, that the obtained credit rating confirms a high level of creditworthiness and sustainability of our Company as well as reflects STLC’s key role to the Russian Government in the field of development of Russia’s transportation sector,” he added. 

Full version of ACRA’s press release can be found here.