On May 21, 2020, Russia's Analytical Credit Rating Agency (ACRA) assigned an 'A-'(RU) to Rissa Investments Limited, with a stable outlook, the rating agency informed.
The credit rating assigned to Rissa Investments Limited (hereinafter, the Company, or the Group) is underpinned by the low leverage, leading market positions, high profitability, and well-known brands in the Company's portfolio. The rating is limited by high capital expenditures resulting in a negative free cash flow (FCF), and a high share of liabilities denominated in currencies other than the revenue currency, ACRA notes.
Rissa Investments Limited is a holding company that consolidates bottled water production assets in Russia, Georgia, and Ukraine. The portfolio of the Company's brands includes Borjomi, Saint Spring, and others. The key shareholder of the Group is Alfa Finance Holdings Limited.
"AK&M", 22.05.2020 12:06