Russian rating agency ACRA has reaffirmed Alrosa’s AAA(RU) credit rating with a stable outlook, citing the miner’s strong operating profile, global leadership in diamond mining, solid resource base, high profitability, low debt levels, strong liquidity, and robust corporate governance.
ACRA noted that Alrosa’s confirmed reserves can support more than 30 years of operations at current production levels. It also expects tightening diamond supply to support price recovery in the medium term.
The agency highlighted Alrosa’s profitability, with FFO before interest and taxes at 28%, projected to rise to 30% between 2026 and 2028.
Pavel Marinychev, CEO, Alrosa, said, “The high assessment of ACRA for the third year in a row confirms the sustainability of the Alrosa business model, the quality of the management system and the financial stability of the company. This is an independent confirmation that the chosen strategy remains effective even in conditions of external turbulence. Despite geopolitical uncertainty, the company maintains leadership positions, financial discipline and consistently fulfils all its obligations.”