30.11.2023
Rating agency National Credit Ratings (NCR) affirmed the credit rating of Seligdar PJSC at A+.ru with stable outlook.
The result of the business profile assessment is determined by the global nature of the markets of presence: gold and tin markets; high liquidity of finished products and dependence of their prices from prices on world commodity exchanges.
The result of the business profile assessment is backed by significant gold reserves in Yakutia, Buryatia, the Orenburg and Altai regions, as well as by large tin reserves in the Khabarovsk region and Chukotka.
According to NCR, positive result of the financial profile assessment is based on liquidity metrics, operating margins and debt service metrics.
The Agency also noted that long-term history as a publicly traded company, high quality of governance and strategic planning, transparency in financial reporting, good credit history and financial discipline positively influenced the assessment result of the “Management and beneficiaries” factor.
The full text of the NCR press release is available on its website (in Russian).