RUSNANO’s ruAA Rating Confirmed by Expert Rating Agency
Expert Rating Agency has confirmed RUSNANO’s ruAA creditworthiness rating. The Rating Outlook is Stable.
Expert RA emphasizes RUSNANO’s significance as one of the core elements of the state system of development institutions. The agency also took account of the fact that since the beginning of its business operations the company has never missed any deadlines for servicing its debt obligations.
Artur Galstyan, Chief Financial Officer of Management Company RUSNANO, said: “The fact that Expert RA has reconfirmed our credit rating will enable us to attract financing for new funds managed by Management Company RUSNANO, on acceptable terms.”
Expert RA first awarded RUSNANO a credit rating of ruAA with stable outlook in April 2019.
In December 2019 Fitch Ratings also confirmed RUSNANO’s Long-Term Foreign and Local Currency Issuer Default Ratings (IDR) at ‘BBB’, with stable outlook.
RUSNANO Joint-Stock Company was founded in March 2011 through reorganization of state corporation Russian Corporation of Nanotechnologies. JSC RUSNANO contributes to implementation of the state policy on the development of the nanotechnology industry by investing directly and through investment funds of nanotechnology in financially effective high-technology projects providing the development of new production facilities in the Russian Federation. Its primary investment focus is in electronics, optoelectronics and telecommunications, healthcare and biotechnology, metallurgy and metalwork, energy, mechanical engineering and instrument making, construction and industrial materials, chemicals and petrochemicals. 100 percent of RUSNANO’s shares are state owned. Thanks to RUSNANO’s investments, there are currently 119 factories and R&D Centers opened in 38 regions in Russia.
Management of assets of RUSNANO JSC is carried out by Limited Liability Company established in December 2013, RUSNANO Management Company. Anatoly Chubais is the Chairman of its Executive Board.
Work to establish nanotechnology infrastructure and carry out educational programs is fulfilled by RUSNANO’s Fund for Infrastructure and Educational Programs, which was also established during the reorganization of the Russian Corporation of Nanotechnologies.