The multinational credit rating agency Fitch Ratings has affirmed the rating of LSR Group at 'B +'
Follow us on social networks
17 September 2021
The International Credit Rating Agency Fitch Ratings has affirmed the long-term issuer default rating (IDR) of PJSC LSR Group in foreign currency at 'B+'. The rating outlook is Stable.
The agency also affirmed the 'B+' senior unsecured rating and 'RR4' asset recovery rating on the company's outstanding bonds.
The Confirmation of the IDR reflects LSR Group's position as the second largest construction company in Russia, the diversification of its operations by geographic region and line of business, and the favorable conditions in the mortgage market.
“The outlook is stable due to our expectation that LSR Group will continue to benefit from record low interest rates on mortgage loans, supporting demand and sales,” Fitch said in a statement.
Fitch is one of the most famous rating agencies in the world, included in the "big three" (along with Moody's and S&P). The main objective is to provide the global credit markets with independent and forward-looking credit assessments, analytical studies and data.