Press Releases / 13.12.2016
Press Release as of 13.12.2016
JSC Agency for Supporting Small and Medium-sized Businesses, regional microfinance institution of Leningrad region
AK&M Rating Agency has affirmed the national scale guarantee institution rating of JSC Agency for Supporting Small and Medium-sized Businesses, regional microfinance institution of Leningrad region, at 'A+'. The outlook is stable.
The 'A+' rating indicates that Agency for Supporting Small and Medium-sized Businesses, regional institution of Leningrad region (hereinafter also abbreviated as or the Fund) is a highly reliable guarantee institution. The risk of a failure to meet obligations in time is insignificant.
The key positive rating drivers include growing profit from operations and overall profitability of
The ability to maintain current efficiency of guarantee services contributes to the guarantee institution's rating.
The Fund's rating is constrained by growing concentration of off-balance sheet liabilities on large sureties and higher payment obligations discharged by the Fund in relation to the sureties provided, combined with low efficiency in recovering money through applicable recourse procedures.
Sureties exceeding RUB 5 million account for 80% of the total amount of liabilities, their relative share increasing by 10 p.p. since our previous review. The average amount of surety provided by
This press release is based on the Statement of assignment of a credit rating to
For estimation purposes, we completely rely on the reliability of information provided by the guarantee institution. 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 opinion on the guarantee institution's efficiency in providing credit support to small and medium-sized businesses in the region.
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.
AK&M Rating Agency
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Phone no.: (495) 916-70-30, fax no.: (499) 132-69-18.