Rating Agency RAEX (“Expert RA”) reaffirms the ruA credit rating of PJSC LSR Group with a stable outlook
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25 January 2019
PJSC LSR Group (“LSR” or the “Company”) (LSE: LSRG; MOEX: LSRG), one of the leading real estate developers and building materials producers in Russia, announces that the Rating Agency RAEX (“Expert RA”) has reaffirmed the ruA credit rating attributed to PJSC LSR Group. A stable outlook rating has also been maintained.
Among the key positive factors that influenced the rating by Expert RA is the strong geographic diversification of LSR’s portfolio, driven by attractive investment opportunities in the Company’s key regions of presence, namely Saint-Petersburg, Moscow and Ekaterinburg. As one of the biggest real estate developers in Russia, the rating agency expects LSR to maintain its strong and competitive position in the market after the new Government Resolution No. 478 on shared equity agreements will have come into force.
The rating was also positively influenced by the even developmental spread of LSRs portfolio of assets, their attached contractual commitments, the Company’s considerable land bank and its delivery on the capital investment programme of its biggest development project Zilart. Expert RA has also attributed a higher ranking for LSRs corporate risks assessment, based on the Company’s well-established risk management processes.
For more information please contact:
Investor Relations
Igor Tsoy
Director of Investor Relations and Sustainable Development
E-mail: IR@lsrgroup.ru
Media Relations
LSR Group Press Service
E-mail: press@lsrgroup.ru