Rating Agency RAEX (Expert RA) Improved Rating of UVZ Corporation
Rating agency RAEX (Expert RA) raised JSC “RPC “Uralvagonzavod” from the second to the first sublevel in level A (High Credit Level) of the long-term credit rating and estimated the rating as stable.
The Corporation benefited its rating from moderately high diversification of business activities, highly diversified sales geography of products and production facilities, increased investments in maintenance and updating of production facilities, moderately high diversification of own debt liability structure.
Noted by analysts are also the Corporation high capability in management decision making and strategic planning as well as high-level financial disclosure. As per the Russian Accounting Standards statement, the Corporation gained a revenue of 84.76 bln rubles and a net profit of 4.59 bln rubles in the 30.09.2015-30.09.2016 period.
RAEX (Expert RA) is the largest rating agency in Russia with a 19-year experience. RAEX (Expert RA) is the leader in rating assignment as well as research and communication activities.
RAEX (Expert RA) ratings are listed in requisitions for banks, insurers, pension funds, issuers. The agency ratings are used in tendering processes by the RF Central Bank and Vnesheconombank, Moscow Exchange, Agency for Housing Mortgage Lending, Deposit Insurance Agency, professional associations and self-regulatory organizations (All-Russian Insurance Association, Association “Russia”, Agency for Strategic Initiatives, Russian Association of Motor Insurers, National Association of Pension Funds, National League of Management Companies, National Insurance Group, National Finance Association) and hundreds of other companies and authorities.