Level of reliability
08.11.2012 2815

Level of reliability

The Expert RA rating agency has assigned a reliability rating to the series 01 bond issue of Obuvrus LLC (part of Obuv Rossii Group of Companies) at level A (High level of reliability).

The bond reliability rating coincides with the issuer's credit rating (A “High level of creditworthiness”). According to the agency's analysts, the credit quality of the bonds and the issuer itself will remain the same in the future, therefore, if the credit rating of the issuer changes, the reliability rating of the bond issue is also subject to revision.

Earlier, the rating agency Expert RA confirmed the rating of Obuv Rossii at level A, changing the outlook from “stable” to “positive”. Positive outlook means a high probability of a rating upgrade in the medium term. The assignment of a "positive" outlook on the rating of Obuv Rossii Group of Companies is associated with the improvement of the group's financial performance.

Growth and a high level of capital adequacy had a positive effect on the group rating level (the ratio of equity to assets on 30.06.2012 was 0.6), as well as acceptable indicators of liquidity, profitability and debt burden.

In addition, the rating was positively affected by asset growth (an increase of more than 2 times over the period from 31.12.2009-30.06.2012), high diversification of revenue by region and high rates of business activity. Agency analysts also noted the acceptable level of currency risks of the group.

The Obuv Rossii group of companies is a federal footwear company founded in 2003 with its head office in Novosibirsk. The main business areas of the group are retail and wholesale trade in footwear and related goods, footwear production. Today more than 190 stores of the company operate in 55 cities of Siberia, the Urals, the central part of Russia, the Volga region and the Far East. As of June 30.06.2012, 3.32, the assets of Obuv Rossii Group of Companies were at the level of 2012 billion rubles, revenue in the first half of 1.04 amounted to XNUMX billion rubles.

The Expert RA rating agency has assigned a reliability rating to the series 01 bond issue of Obuvrus LLC (part of Obuv Rossii Group of Companies) at level A (High level ...
5
1
Rating

Latest News

Larroudé x Markarian's Red Patchwork Boots Were a Notable Event at New York Fashion Week

A highlight of New York Fashion Week, which ran from September 4 to 11, was the collaboration between Brazilian shoe brand Larroudé and New York women's clothing label Markarian. The hit of the collection were knee-high boots with an upper made using the…
13.09.2024 126

Camper launches advertising campaign in support of Pelotas model

Spanish footwear brand Camper is putting the spotlight on its iconic Pelotas sneaker this season with a campaign that includes a series of photographs by Spanish photographer Aitor Laspiura. The shots feature carefree…
12.09.2024 178

Milan's MICAM to showcase collections from thousands of footwear and accessory brands

The international exhibition of footwear and accessories MICAM will be held in Milan from September 15 to 17 at the Fiera Milano Rho exhibition center. The number of exhibiting brands is approaching a thousand, of which 475 are Italian and 457 are international, in…
12.09.2024 224

Golden Goose Reports Revenue Growth in First Half of Year

Italian luxury sneaker maker Golden Goose reported revenues of €2024 million in the first half of 307, up 12% year-on-year. The revenue growth was driven by strong…
11.09.2024 263

Haider Ackermann to Become New Creative Director of Tom Ford

Haider Ackermann will replace Peter Hockings as creative director of the fashion house Tom Ford. This means that Tom Ford has chosen Chanel as its creative director, jokes the editors of laconceria.it . - Karl Lagerfeld,…
10.09.2024 1260
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning