March 10, 2015. Expert RA, a rating agency, affirmed Uralmash NGO Holding’s credit rating at A+ and changed the rating outlook from Stable to Negative, which means the rating is highly likely to go down in the medium term. The rating sublevel was demoted from the first to the third, the agency reports.

The positive factors working toward the rating are the moderately high liquidity figures, independence from large customers and suppliers, low foreign currency risks, and expansive loan security options as well as diversified revenue sources, varying prime cost options offered by contractors, plenty of investments, impressive level of strategic planning, and fast capital and asset growth.

‘Based on the company’s consolidated annual report for 2014, net loss and decreased revenues are to be expected. The holding was affected by the fact that some of the orders for its drilling equipment were postponed till 2015. In case the revenues and profitability keep going down, the rating might be reconsidered and lowered, which explains the current Negative outlook,’ says Expert RA Corporate Ratings Director Pavel Mitrofanov.