UrBC, Yekaterinburg, December 1, 2016. The rating agency RAEX (Expert RA) affirmed Ural Vagon Zavod Corporation’s credit rating at A, promoting the company from the second to the first sub-level, with Stable rating outlook, the corporation’s press service reports.

‘The positive factors to take into account were relatively high activity diversification, enhanced geographical diversification of sales network and production sites, plenty of investments in facilities maintenances and upgrades, and relatively high diversification of debts,’ the press service says.

According to the agency’s analysts, they also considered the quality of managerial decision-making and strategic planning and increased financial transparency. Calculated in accordance with the Russian Accounting Standards, the company’s revenues amounted to 84.76bn RUR and its net profit to 4.59bn RUR between September 30 2015 and September 30 2016.

RAEX is currently Russia’s largest rating agency with nineteen years’ operating experience.