Standard & Poor’s sets the new credit rating for Kalina JSC
13 March 2006 (09:18)
Standard & Poor’s announced the increase in the national scale long-term credit rating for Kalina Concern JSC (from ruBBB+ to ruА-) owing to the company’s stable business dynamics and the fairly low financial risks.
‘This increase reflects the company’s ability to build up their business activity and keep key positions in the core segments of the dynamic and competitive health and beauty products market. Besides, despite the quick growth, Kalina manages to improve its profitability indicators and maintain the financial risks at a fairly low level,’ said the credits analyst for Standard & Poor’s Lorenzo Slyusarev.
Kalina’s rating was ruBB+ on January 31, 2002, ruBBB- on February 4, 2003, and ruBBB on March 23, 2004.
‘This increase reflects the company’s ability to build up their business activity and keep key positions in the core segments of the dynamic and competitive health and beauty products market. Besides, despite the quick growth, Kalina manages to improve its profitability indicators and maintain the financial risks at a fairly low level,’ said the credits analyst for Standard & Poor’s Lorenzo Slyusarev.
Kalina’s rating was ruBB+ on January 31, 2002, ruBBB- on February 4, 2003, and ruBBB on March 23, 2004.
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