Media

Rating agency National Credit Ratings (NCR) affirmed the credit rating of PJSC Seligdar (hereafter Seligdar or Company) at A+.ru with stable outlook.

Global nature of the gold and tin markets, products’ high liquidity and their price dependence on the world market price determined an estimate of the business profile.

The high estimate of the business profile was supported by significant gold reserves in Yakutia, Buryatia, Orenburg and Altai regions, as well as by large tin reserves in Khabarovsk region and Chukotka.

Strong operating margins and comfortable debt level positively influenced an estimate of the financial profile.

Transparent structure of beneficial owners, long-term public listing, high quality of governance and strategic planning, good credit history and financial discipline positively influenced an estimate of the “Management and beneficiaries” factor.

The full text of the NCR press release can be found on its website (in Russian).