Press Releases / 18.12.2015
Press Release as of 18.12.2015
OOO Era New-Tone
AK&M Rating Agency has withdrawn the national scale credit rating ('A' tier 3, stable outlook) assigned to of OOO Era New-Tone ahead of schedule following the Company's refusal to provide information for monitoring purposes.
OOO Era New-Tone is an advertising agency specializing in the segment o ftransport and outdoor advertising as well as indoor advertising in Moscow and other regions of Russia. The Company's share is estimated at 3.45% for the related advertising market of Russia, 9.33% for Moscow.
In the first half of 2015, the activity of OOO Era New-Tone was profitable. In particular, the company's net profit increased almost 76 times year-on-year exceeding RUB 79 million.
As of July 1, 2015, the Company's assets totaled RUB 619.5 million, equity capital amounted to RUB 101.6 million.
AK&M Rating Agency assigned a credit rating to OOO Era New-Tone for the first time on August 4, 2015. All rating action announcements are available on the akmrating.ru website.
For estimation purposes, we completely rely on the reliability of information provided by the Company. The rationale for AK&M Rating Agency's judgment on the rating may include information acquired from other sources we deem to be reliable; however, the agency does not check the input data exhaustively and disclaims all responsibility for their possible errors.
The rating, along with any information and conclusions provided in this press release, only conveys our creditworthiness opinion and shall not be construed as a recommendation to purchase or sell securities, or to lend funds.
AK&M Rating Agency shall not be held liable for any interpretations, inferences and consequences related to the application of results of the rating estimation procedure by any third parties.
AK&M Rating Agency is a leading independent national rating agency engaged in rating activities since 1993. CJSC AK&M Rating Agency is accredited by the Ministry of Finance of the Russian Federation (order no. 452 as of September 17, 2010) and is on the Central Bank of Russia's Register of Accredited Rating Agencies.
AK&M Rating Agency
Ul. Gubkina 3, Moscow, Russia
Phone no. (495) 916-70-30, fax no.: (499) 132-69-18.