In the course of the rating assessment, the following positive factors that affect the level of the assigned rating in terms of creditworthiness have been revealed:
● Significant growth in assets (for 2018 — 1st quarter of 2021 the assets have grown by 2.3 times);
● Significant growth in revenue (for 2018 — 2020, the revenue has increased by 2.4 times);
● High ratios of cash sufficiency to redeem liabilities in terms of active business expansion;
● The share of foreign exchange earnings varies from 27% at the end of 2018 to 64% at the end of the first quarter of 2021. The main foreign currency is RUB, USD and EUR make a significant share, as well;
● Optimal ratio of foreign exchange earnings and foreign exchange liabilities, which ensures low foreign exchange risk;
● High geographical diversification of activities (apart from Belarus, the company does business in the markets of Russia, Kazakhstan, the Baltic States, Switzerland and other countries);
● Well-developed strategy for the development of the Company for the medium term;
● Well-developed sales strategy can ensure an efficient promotion of the Company’s services.
More information on the assigned rating you may find in the
press release