23 Dec 2015 09:38
RAEX rating agency assigned LSR Group "A+" level of creditworthiness
RAEX rating agency (RA Expert) assigned PJSC LSR Group "A+" level of creditworthiness "very high level of credit solvency", the first sub-level. The rating forecast is "stable".
The rating of LSR Group is positively influenced by profitability and liquidity ratio, low foreign exchange risks, as well as low dependence on top customers and suppliers, low share of accounts receivable in the asset structure, and high capital adequacy level.
Information on the rating procedure: http://raexpert.ru/ratings/credits/method/
Notes to Editors:
PJSC LSR Group is a real estate development and building materials company founded in 1993 and operating in a number of complementary market segments. Its core business areas are production of building materials, real estate development and prefab construction. LSR Group's main operations are located in St. Petersburg, Moscow and Yekaterinburg. As of December 31, 2014 (according to Colliers International), the net sellable area of the projects in LSR Group's real estate portfolio is equal to 10m m2 with the market value of RUB 135bn. In 2014, the sales revenue of LSR Group amounted to RUB 92,347m (IFRS). LSR Group is a public company, with its GDRs traded on the London Stock Exchange and its ordinary shares traded on MOEX.
For more information please contact:
LSR Group Press Service
Tel.: +7 812 333 11 11
E-mail: press@lsrgroup.ru
www.lsrgroup.ru