Level of reliability
08.11.2012 2739

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

Spanish Pikolinos opens a new flagship in Paris

Spanish footwear brand Pikolinos opens a flagship store in the center of Paris, at 68 rue de Rivoli. The brand has been present in France for over 35 years, and the country is one of the most important markets for…
27.05.2024 204

Golden Goose ready for IPO: announcement expected this week

Golden Goose is preparing to list on the Milan Stock Exchange and could be announced as early as this week. The luxury sneaker company is aiming for a valuation of €3 billion, 11 times its projected earnings in 2024...
27.05.2024 207

TJ COLLECTION created its own AI stylist

The shoe and accessories brand TJ Collection turned to artificial intelligence technologies and created a virtual fashion stylist - a girl named Tanya, who talks about the brand's new products on its social networks. Tanya, 26 years old, is passionate about fashion and...
27.05.2024 221

Birkenstock invests €15 million to build a factory in Portugal

German footwear brand Birkenstock is investing 15 million euros in the construction of a production site in the district of Arouco in northern Portugal. The new enterprise is designed for 600 jobs, reports The Portugal website...
27.05.2024 334

Expo Riva Schuh & Gardabags will be held in June

The next international exhibition of shoes, bags and accessories Expo Riva Schuh & Gardabags will be held from June 15 to 18 in Italy in Riva del Garda. It will present exhibitors from 40 countries (including China, India, Brazil, Italy, Portugal, Spain and…
27.05.2024 308
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning