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Ratings

RAEX Rating (EXPERT RA)

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Since 2008, Obuv Rossii is assigned creditworthiness ratings (an agreement with a rating agency, Expert RA CJSC, for assigning ratings.)

The credit rating (creditworthiness rating) is assigned to companies in all economy sectors and shows subjective opinion of the Expert RA rating agency concerning the ability of the company to fulfill its financial obligations in time and in full.

The creditworthiness rating technique is adjusted to specific characteristics of the Russian market and does not take into account the country risk of Russia, i.e. the credit rating is assigned by the agency only according to the national scale. The credit rating includes a forecast of possible changes in the economic environment and assessment of prospects for company development in the midterm.

In December 2019, the rating agency of RAEX (Expert РА) confirmed the creditworthiness rating of Obuv Rossii Group at the level of ruBВB+. The rating forecast is stable.

The main factor that underlay the decision of the agency to confirm the rating was the high diversification of end buyers and the absence of strong dependence on individual suppliers. The high level of the Company capital adequacy also exerts a positive impact on the rating (0.61), which is expressed in the high level of «stress» liquidity. The «stress» liquidity is calculated as a ratio of the corrected assets to the total amount of the Company's liabilities, which is 1.9 as of the reporting date.

RAEX Rating (EXPERT RA)


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