ACRA has awarded Alrosa the renowned AAA(RU) credit rating. This grade represents the greatest level of creditworthiness on the national scale, combined with a stable outlook, and is a first in Alrosa history.
The AAA rating reflects Alrosa‘s strong financial health, as evidenced by its “AAA” standalone creditworthiness assessment (SCA). ACRA‘s appraisal highlights Alrosa‘s operational efficiency, considerable resource base, and low risk exposure, all of which contribute to the company’s solid market position.
Alrosa‘s “very strong” financial risk profile rating highlights the company’s large scale of operations, significant profitability, and low leverage for the predicted period. The company’s liquidity is defined as superior due to the availability of internal and external finance and a reasonable maturity schedule. The strong cash flow predictions are related with a high free cash flow yield and a moderate capex-to-revenue ratio.
ACRA also gave Alrosa a good rating for corporate governance, citing the company’s robust management structure, excellent risk management system, and high level of financial transparency.
Alrosa‘s CEO, Pavel Marinychev, stated: “We are thrilled that Alrosa‘s strong financial position has been recognized by yet another reputable rating agency. This impartial appraisal is especially important to us in light of the external problems we are facing. I am certain that the ACRA analysts’ assessment will be a valuable additional benchmark for our shareholders, partners, and the broader financial community.”