Expert RA rating agency assigned a 'ruA-' credit rating to non-financial company Sodrugestvo Rus, with a positive outlook. Sodrugestvo Rus is operating as part of Sodrugestvo Group ('ruA-', with a positive outlook), uniting all of the group's assets in the Russian Federation, the rating agency informed.
Sodrugestvo Group S.A. (also referred to as Sodrugestvo Group or the Group) takes the lead in the processing of soybeans in Europe and is the largest processor of oilseeds in Russia. Its key production assets are located in Russia, Brazil, the Republic of Belarus and Turkey.
The positive rating outlook reflects the positive performance results of Sodrugestvo Group in the crop year 2019/2020 and the agency's expectations of improving debt metrics, in particular, a lower total debt and a lower interest load.
The rating agency also appreciates the group's commodity and currency risk hedging policy.
