Rating Agency RAEX (“Expert RA”) has confirmed the ruA credit rating of JSC LC Europlan affiliated with PJSC SAFMAR Financial investments of Mikhail Gutseriev and improved the rating outlook, changing it from developing to stable; the ‘under supervision’ status has been removed.
Among the key positive factors that influenced the rating are strong competitive positions of the company in the Russian leasing market (first place in the segment of passenger car leasing and second place in the segment of lorries in terms of new business volume in the RAEX rankings for nine months of 2017) combined with a wide geography of activities. The high diversification of the leasing portfolio for clients along with their high payment discipline is still noted. The rating was also positively influenced by well-established business processes, high level of risk management and information transparency of the company.
Shortly afterwards, RAEX withdrew the rating due to expiration of the agreement.
It should be recalled that Rating Agency ACRA assigned the A-(RU) rating with stable outlook to JSC LC Europlan in December 2017.The credit rating was assigned to JSC LC Europlan by the ACRA Agency for the first time.