8 Aug 2016 14:39
LSR Group awarded A2 reliability rating by RASK
RASK, the rating agency of construction industry, assigned А2 reliability rating to LSR Group, which is an excellent (very high) reliability level. According to the results, LSR Group became the company that received the highest reliability rating among all Russian construction companies.The "A" ratings indicate the highest level of reliability and are assigned for the exceptionally effective management system, company's capability to fulfill its obligations to customers and complete all projects under construction, as well as compliance with the transparency requirements stated in Federal Law No. 214-FZ of December 30, 2004. Potential negative influence of external factors on such companies is inconsiderable.
One of the key competitive advantages of LSR Group is the diversification of its assets between several businesses including real estate development, construction and production of building materials. The following factors also contributed to the company's positive ranking: solid positions in the key markets and high profits.
Vyacheslav Strokan, CEO of RASK comments: "Despite the tough macro environment LSR Group remains one of the largest Russia's homebuilders and maintains a very high reliability level, which is confirmed by our agency".
Yuri Ilyin, member of the Executive Committee, Chief Commercial Officer of LSR Group comments: "We are dedicated to timely or even early commissioning of housing, high quality of building materials and technologies, information transparency. We are proud to be awarded the highest reliability rating among all Russian construction companies".