Alrosa has been awarded the prestigious AAA(RU) credit rating by ACRA. This rating signifies the highest level of creditworthiness on the national scale, paired with a stable outlook, marking a first in Alrosa’s history.
The AAA rating is a testament to Alrosa’s robust financial health, underpinned by its “AAA” standalone creditworthiness assessment (SCA). ACRA’s evaluation recognises Alrosa’s operational efficiency, substantial resource base, and minimal risk exposure, which collectively contribute to the company’s strong market position.
Alrosa’s “very strong” financial risk profile assessment reflects the company’s scale of operations, high profitability, and minimal leverage in the forecast period. The company’s liquidity is described as superior due to the availability of internal and external funding and a comfortable maturity schedule. The robust cash flow estimates are associated with a high free cash flow yield and a moderate capex to revenue ratio.
ACRA has also highly rated Alrosa’s corporate governance level, attributing it to the company’s strong management structure, effective risk management system, and a high degree of financial transparency.
Pavel Marinychev, Alrosa’s CEO, said: “We are delighted that the solid financial standing of Alrosa has been recognised by yet another esteemed rating agency. This independent assessment is particularly valuable to us in light of the external challenges we are navigating. I am confident that the ACRA analysts’ opinion will serve as an important additional benchmark for our shareholders, partners, and the broader financial community.”