Ratings

А-(RU)

The Analytical Credit Rating Agency (ACRA) has upgraded the credit rating of the AVTOBAN Group to A- (RU), and assigned the A- (RU) credit rating to the bond issues of AVTOBAN-Finance
The credit rating was upgraded due to the improvement of the financial risk profile (profitability and debt settlement). Strong business profile. The base of signed contracts ensures 100% utilization of the Company’s own capacities up to 2021. Low debt burden with adequate debt settlement. Strong market position and good profitability.

B1

The Moody’s international rating agency has confirmed the corporate rating of AVTOBAN-Finance, which is a part of the AVTOBAN Group, at the B1 level.
The indicator reflects the healthy credit profile of the holding, despite the growth in investments in CRR-3, CRR-4 Central Ring Roads and other investment projects. In 2019, the agency expects the decrease in the credit burden and the offset of the operational risks by the strategic importance of the company’s key projects for the federal government, as well as the participation of the Russian Direct Investment Fund, Sberbank, Gazprombank and the Eurasian Development Bank.

ruA

The Expert RA rating agency has upgraded the credit rating of the AVTOBAN-Finance financial company to ruA. The rating outlook is stable.
The rating upgrade is due to the improved operating environment of the group, given the wide global reach and the relatively high market position of the group. The Agency notes the positive progress in the implementation of major transport infrastructure projects in various formats of public-private partnerships, which generally improves their financial predictability, stabilization of the legal environment and framework in which they are implemented, as well as the development of instruments for their financing.