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NCR Credit Rating Agency has rated DeloPorts for the first time

National Credit Ratings (NCR) has assigned to DeloPorts (stevedoring holding of Delo Group, manages assets in Novorossiysk) a first credit rating of AA.ru with a stable outlook.

According to the agency's assessment, the AA.ru rating means a very strong financial reliability and insignificant sensitivity to negative scenarios of operational environment changes.

NCR agency in its release highlighted strong market positions, business growth potential, high margin of safety on debt servicing and strong profitability indicators with moderately low debt load. The agency assessed the level of corporate governance development as high, and shareholder risks as low.

According to the agency, the company has a long-term positive credit history and positive payment discipline: on payment of obligations under accounts payable, on tax payments to the budget and off-budget funds, and on payment of salaries to employees.

"A high external assessment of DeloPorts' credit rating will allow the company to increase investor interest in our bond issues and expand their list. We continue to improve the efficiency of borrowed funds as part of our investment program aimed at further business growth and increasing the quality of services,” said Elena Svirina, Deputy General Director for Finance and Sustainable Development of Delo Group. < Back to list