Expert RA Confirms RUSNANO’s Rating of ruAA with Stable Outlook
The Expert Rating Agency has confirmed that the credit rating of RUSNANO (a member of VEB.rf) remains at ruAA. The rating outlook is Stable.
The Agency notes that RUSNANO’s systemic importance is fairly high, and points out that since it began operations the company has never missed a deadline for servicing its debentures.
Expert RA first awarded RUSNANO a credit rating of ruAA with stable outlook in April 2019.
In December 2020 Fitch Ratings also confirmed RUSNANO’s Long-Term Foreign and Local Currency Issuer Default Ratings (IDR) on par with the sovereign rating of the Russian Federation, BBB, with stable outlook.
Expert RA also confirmed RUSNANO’s debt instruments rating (for series 06, 07 and 08 bond issues) of AAAru.
The RUSNANO Group includes the RUSNANO Joint Stock Company, the RUSNANO Management Company and the Fund for Infrastructure and Educational Programs. Thanks to RUSNANO’s investments, there are currently 138 factories and R&D Centers opened in 37 regions in Russia.
Currently, the Russian Government is reconfiguring the system of development institutions, which provides for the integration of RUSNANO into the management scope of VEB.RF. Based on VEB, a centralized investment unit is being created to implement projects that contribute to national development goals. The VEB Group’s priority is to consolidate public and private investment resources for the country’s breakthrough development, improve quality, and create comfortable conditions for people’s lives.